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Tata Motors Dual Capitalization
Singh, Kulbir - 2010
Persistent link: https://www.econbiz.de/10013137361
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Home Preference at Selecting Financial Advisors in Cross-Border M&As
Francis, Bill - 2012
This paper examines the determinants of the choice of financial advisors and their impact on the announcement effects of US acquirers in cross-border M&As. Two hypotheses are tested: one pertains to the acquiring firms' home preference in selecting financial advisors, and the other relates to...
Persistent link: https://www.econbiz.de/10013098169
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Investment Bank Expertise in Cross-Border Mergers and Acquisitions
Arena, Matteo P. - 2017
We study the influence of country expertise of investment banks in facilitating cross-border merger deals by analyzing a large international sample of M&A deals. We provide evidence that the geographical proximity, cultural affinity, and local experience of investment banks advising bidding...
Persistent link: https://www.econbiz.de/10012970542
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Cross-Border Mergers and Acquisitions : The Role of Private Equity Firms
Humphery-Jenner, Mark - 2016
We show that it is a signal of deal quality in cross-border M&A if acquirers have private equity firms as owners (‘PE backing'). As such, announcements of cross-border M&A deals by PE-backed acquirers are associated with positive stock price reactions, but only if targets are in poor...
Persistent link: https://www.econbiz.de/10013008279
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Critical Exposition of Japanese Takeover Law in an International Context
Lee, Joseph - 2016
There is a common perception that the Japanese takeover market excludes foreign companies. But this is not because … Japanese takeover law is designed to protect target companies. Comparing Japanese takeover law with the UK Takeover Code and … the European Takeover Directive, this thematic and content- based investigation reveals that Japan does not have overt …
Persistent link: https://www.econbiz.de/10012998844
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Cross-border mergers and hollowing-out
Secrieru, Oana - 2009
The purpose of our paper is to examine the profitability and social desirability of both domestic and foreign mergers in a location-quantity competition model, where we allow for the possibility of hollowing-out of the target firm. We refer to hollowing-out as the situation where the target firm...
Persistent link: https://www.econbiz.de/10003933343
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What is different about government-controlled acquirers in cross-border acquisitions?
Karolyi, G. Andrew; Liao, Rose C. - 2010
We examine the motives for and consequences of 5,317 failed and completed cross-border acquisitions constituting $619 billion of total activity that were led by government-controlled acquirers over the period from 1990 to 2008. We benchmark this activity at the aggregate country level and also...
Persistent link: https://www.econbiz.de/10008702754
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The effects of cross-border M&As on the acquirers' domestic performance : firm-level evidence
Stiebale, Joel; Trax, Michaela - 2010
This paper provides empirical evidence on the effects of cross-border M&As on investing firms' domestic performance in the U.K. and France. We build a new firm-level dataset that combines a global M&A database with balance sheet data for the years 2000-2007. Combining matching techniques with a...
Persistent link: https://www.econbiz.de/10003924467
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The impact of foreign acquisitions on the investors' R&D activities : firm-level evidence
Stiebale, Joel - 2010
This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities at the firm level. In contrast to previous studies that analyze the effects on innovation in target firms, this paper investigates the effects on the investing firms. For the...
Persistent link: https://www.econbiz.de/10003924470
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Foreign and domestic takeovers in Germany : cherry-picking and lemon-grabbing
Weche-Gelübcke, John P. - 2012
This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …
Persistent link: https://www.econbiz.de/10009530270