We examine the impact of the cross-listing status of target firms and cross-country institutional differences on short- and long-run performance of US bidders in cross-border acquisitions. We show that acquirers realize higher long-run returns when acquiring foreign targets cross-listed on US...

We examine the role of cross-listing in alleviating domestic market constraints and facilitating cross-border mergers and acquisitions. Cross-listing appears to strengthen the bargaining power of target firms, allowing them to extract higher takeover premiums relative to their non-cross-listed...

Using a sample of US acquisitions in Africa over the last 2 decades, we assess the long term performance of international acquisitions in Africa, and the impact of firm and country level governance characteristics on reported performance. We show that acquirers do not benefit from these...

We examine the long run performance of Mamp;A transactions in the property-liability insurance industry. We specifically investigate whether such transactions create value for the bidders' shareholders and assess how corporate governance mechanisms affect such performance. Our results show that...