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 … difference-in-differences to control for the endogenous selection of firms into buying other companies. We find that acquisitions … determined by the geographic scope of the acquisitions firms undertake. We find that the impact of acquisitions on firm …