TY - JOUR
T1 - Domestic and cross-border effect of acquisition announcements
T2 - a short-term study for developed and emerging countries
AU - Otto, Florian
AU - Sampaio, Joelson Oliveira
AU - Silva, Vinicius Augusto Brunassi
PY - 2021/1
Y1 - 2021/1
N2 - Using a multi-country set of acquirers from 14 different markets, we aim to develop a global understanding of the impact of acquisition announcements on both developed and emerging-market acquirers. Our sample contains 624 acquisition announcements, with target firms located around the world, between 1997 and 2015. The results contradict the conventional wisdom that developed-market acquirers generally experience losses.
AB - Using a multi-country set of acquirers from 14 different markets, we aim to develop a global understanding of the impact of acquisition announcements on both developed and emerging-market acquirers. Our sample contains 624 acquisition announcements, with target firms located around the world, between 1997 and 2015. The results contradict the conventional wisdom that developed-market acquirers generally experience losses.
KW - Abnormal returns
KW - Acquisitions
KW - Cross-border acquisitions
UR - http://www.scopus.com/inward/record.url?scp=85086570489&partnerID=8YFLogxK
U2 - 10.1016/j.frl.2020.101501
DO - 10.1016/j.frl.2020.101501
M3 - Article
AN - SCOPUS:85086570489
SN - 1544-6123
VL - 38
JO - Finance Research Letters
JF - Finance Research Letters
M1 - 101501
ER -