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diversified M&A than RECs. With respect to foreign investment, the study finds a linear relationship between FITs and cross … in those countries might have deterred the entry of foreign investors. …
Persistent link: https://www.econbiz.de/10010463503
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131906
Despite the fact that one-third of worldwide mergers involve firms from different countries, the vast majority of the academic literature on mergers studies domestic mergers. What little has been written about cross-border mergers has focused on public firms, usually from the United States. Yet,...
Persistent link: https://www.econbiz.de/10013134570
This study examines the synergy and internalization hypotheses for international acquisitions using a sample of Australian companies with particular focus on the relationship between the synergistic gains and R&D capabilities of both the acquirer and target. We focus on three research questions:...
Persistent link: https://www.econbiz.de/10013140121
We investigate how investor protection (IP) affects target selection when a firm decides to enter a foreign market …-level allocation of foreign capital inflows and reduces the benefits of globalization …
Persistent link: https://www.econbiz.de/10013122303
Persistent link: https://www.econbiz.de/10013123127
et al. (2004) does not hold within all types of industries and across all modes of foreign direct investment. In line …
Persistent link: https://www.econbiz.de/10013125224
foreign participation stimulated competitive pressures. Furthermore, foreign capital was positively correlated with …
Persistent link: https://www.econbiz.de/10013096327
This paper attempts to explain the tendency of foreign acquirers to choose better performing firms in emerging markets …, which limits underperforming firms' access to foreign capital. Using a simple law and finance model, we offer an explanation … increase underperforming firms' access to foreign capital …
Persistent link: https://www.econbiz.de/10013102567
target currency prior to the takeover announcement. The value of the acquiring firm becomes less sensitive to the target …
Persistent link: https://www.econbiz.de/10013105483