Chari, Anusha; Ouimet, Paige P.; Tesar, Linda L. - In: Review of Financial Studies 23 (2010) 4, pp. 1741-1770
When a developed-country multinational firm acquires majority control of a firm in an emerging market, there is an economically large and statistically significant increase in the acquiring firm's stock price. In 1986--2006, developed-market acquirers experienced positive and significant...