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We study how globalization has changed the source and aggressiveness of inside trading around the world and identify its determinants. Using a sample of acquisitions of firms in 52 countries announced between 1991 and 2014, we find systematically higher likelihood of insider trading in target...
Persistent link: https://www.econbiz.de/10012936748
countries, with China and India receiving a large inflow of foreign capital. In turn, entities from Hong Kong, Singapore, Japan …, and China invested heavily abroad through M&A. The Asian countries' economies also played the role of important …
Persistent link: https://www.econbiz.de/10014476877
Persistent link: https://www.econbiz.de/10014495228
affected firms' margins and merger activity. We find that these programs, which give amnesty to cartel conspirators that … merger review process might be a prerequisite for strengthening anti-collusion enforcement …
Persistent link: https://www.econbiz.de/10012904944
Over the period 1980-2007 multinational firms' investment grew four times faster than worldwide GDP. Yet the evidence on whether global diversification is valuable is inconclusive. This paper uses detailed FDI data for 251 UK multinational firms and 4,676 subsidiaries to show that multinational...
Persistent link: https://www.econbiz.de/10013114610
1999 to 2006. Applying propensity score matching techniques we estimate positive wage premia of cross-boarder merger and …
Persistent link: https://www.econbiz.de/10009731061
1999-2006. Applying propensity score matching techniques we estimate positive wage premia of cross-boarder merger and …
Persistent link: https://www.econbiz.de/10009411931
This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10011490438
the authors estimate positive wage premia of cross-border merger and acquisitions (M&As), suggesting that foreign …
Persistent link: https://www.econbiz.de/10009544359
1999-2006. Applying propensity score matching techniques we estimate positive wage premia of cross-boarder merger and …
Persistent link: https://www.econbiz.de/10013111673