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 mergers and acquisitions. Our results show that cross-listing allows shareholders of target firms to extract higher takeover premiums relative to their non-cross-listed peers. Moreover, shareholders...

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...

We examine the role of cross-listing in alleviating domestic market constraint 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...

This paper studies profit persistence in the banking sector in 12 African and Middle Eastern countries between 2003 and 2019. We use a two-step system GMM to evaluate the speed of profit convergence toward the competitive norm and analyze determinants of banks' profitability in these countries....

This paper studies profit persistence in the banking sector in 12 African and Middle Eastern countries between 2003 and 2019. We use a two-step system GMM to evaluate the speed of profit convergence toward the competitive norm and analyze determinants of banks' profitability in these countries....