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The effect of corporate investment efficiency on cross-border M&As

Dong, Feng; Doukas, John A. - In: Review of corporate finance 2 (2022) 2, pp. 235-294

Persistent link: https://www.econbiz.de/10013459126

M&As, investment and financing constraints

Stiebale, Joel; Wößner, Nicole - 2017

' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our …

Persistent link: https://www.econbiz.de/10011671647

Do US Firms Misinvest? The Role of Transnational Ownership to Firms’ Investment Strategy

Economidou, Claire; Gounopoulos, Dimitrios; … - 2022

Suboptimal investment either in terms of overinvestment or underinvestment is a value-destroying activity. This study … examines the role of foreign institutional ownership, on Investment decisions and speed of adjustment to target investment … ownership, through the mechanism of agency costs reduction, is conducive to implementing the target investment level as well as …

Persistent link: https://www.econbiz.de/10013404044

The Multinational Advantage

Creal, Drew - 2014

Using a confidential dataset, we evaluate whether the degree of foreign operations affects U.S. multinational corporation (MNC) value by comparing actual value to imputed value for these firms. We control for differences in discount rates and expected growth rates across countries and industries...

Persistent link: https://www.econbiz.de/10013067363

International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions

Albuquerque, Rui A. - 2018

We test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country …&As are also associated with increases in investment and valuation of non-target firms. Alternative explanations such as …

Persistent link: https://www.econbiz.de/10012938394

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

Foreign Ties that Bind : Cross-Border Firm Expansions and Fund Portfolio Allocation Around the World

Moshirian, Fariborz - 2020

We investigate whether international operations enhance information links between firms and foreign investors. Exploiting novel subsidiary-level data and within-firm-location variations, we show that, after a firm expands into a new market, it attracts a larger increase in portfolio allocation...

Persistent link: https://www.econbiz.de/10012851913

International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions

Albuquerque, Rui A. - 2018

Persistent link: https://www.econbiz.de/10012923482

Emission Trading Schemes and Cross-Border Mergers and Acquisitions

Chen, Yajie; Guo, Kun; Ji, Qiang; Zhang, Dayong - 2022

-border expansions may have to consider this extra cost when entering markets with an ETS. They may relocate their investment to …

Persistent link: https://www.econbiz.de/10013291148

Corporate acquisitions and firm-level uncertainty : domestic versus cross-border deals

Bai, Ye; Girma, Sourafel; Riaño, Alejandro - 2020

This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by acquiring firms. We use data for UK publicly-listed firms from 2004 to 2017 and employ a matching estimator combined with difference-in-differences to control for the endogenous...

Persistent link: https://www.econbiz.de/10012158166

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