In this paper we investigate how the enactment and enforcement of insider trading restrictions affect the way in which information about acquisitions is released before the actual acquisition announcement. We analyze a sample with almost 19,000 acquisition announcements from 48 countries. We...

In this paper we investigate how the enactment and enforcement of insider trading restrictions affect the way in which information about acquisitions is released before the actual acquisition announcement. We analyze a sample with almost 19,000 acquisition announcements from 48 countries. We...

When firms wish to enter a foreign country, they can set up joint ventures (JVs) abroad or acquire foreign companies. This study shows that legal environments of target markets and cultural distance determine entry mode decisions. Furthermore, this study presents a new approach to dealing with...