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We investigate whether managers internalize the spillover effects of their disclosure on the stock price of related firms and strategically alter their disclosure decisions when doing so is beneficial. Using data on firm-initiated disclosures during all-cash acquisitions, we find evidence...
Persistent link: https://www.econbiz.de/10012852523
We investigate whether managers internalize the spillover effects of their disclosure on the stock price of related firms and strategically alter their disclosure decisions when doing so is beneficial. Using data on firm‐initiated disclosures during all‐cash acquisitions, we find evidence...
Persistent link: https://www.econbiz.de/10014359299
Persistent link: https://www.econbiz.de/10012487386
of certain foreign firms when investors on US exchanges have greater investment exposure in those firms …
Persistent link: https://www.econbiz.de/10012903438
This study examines the association between the financial reporting regime of a target company and the disclosure attributes of the acquiring firm’s annual reports. We examine pre- and post- acquisition annual reports for emerging-market multinationals’ cross-border acquisitions deals,...
Persistent link: https://www.econbiz.de/10013403193
little evidence that FDI firms use related party transactions to withdraw investment returns of their foreign affiliates back …
Persistent link: https://www.econbiz.de/10012963244
ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …
Persistent link: https://www.econbiz.de/10011290859
taxes impair subsidiary-level investment efficiency. Consistent with internal agency conflicts between the central …-level investment efficiency while reducing the level of investment. Our paper provides timely empirical evidence to inform expectations …
Persistent link: https://www.econbiz.de/10011922836
Employing a panel dataset of Vietnamese non-financial listed firms, we find that firms with greater foreign shareholdings are aligned with higher quality of financial disclosure. More specially, we find that greater foreign shareholdings are associated with (i) lower earnings management; (ii)...
Persistent link: https://www.econbiz.de/10014233052
increasing offshoring activity increases competition in the final goods market, leading to a progressive vertical disintegration … of the supply chains. Initially, the firms that decide to explore offshoring potential choose integration. As competition … fully domestic supply chains, the increasing competition promotes a sequential disintegration of the domestic intermediate …
Persistent link: https://www.econbiz.de/10013332242