Global diversification and bidder gains: A comparison between cross-border and domestic acquisitions
Tài liệu tham khảo
Agmon, 1977, Investor recognition of corporate international diversification, Journal of Finance, 32, 1049, 10.2307/2326511
Asquith, 1983, The gains to bidding firms from merger, Journal of Financial Economics, 11, 121, 10.1016/0304-405X(83)90007-7
Asquith, P., Bruner, R.F., Mullins Jr., D.W., 1987. Merger returns and the form of financing. Working Paper, Harvard University, Boston, MA
Bekaert, 1995, Time-varying world market integration, Journal of Finance, 50, 403, 10.2307/2329414
Berger, 1995, Diversification's effect on firm value, Journal of Financial Economics, 37, 39, 10.1016/0304-405X(94)00798-6
Black, 1974, International capital market equilibrium with investment barriers, Journal of Financial Economics, 1, 337, 10.1016/0304-405X(74)90013-0
Bodnar, G.M., Tang, C., Weintrop, J., 1998. Both sides of corporate diversification: The value impacts of geographic and industrial diversification. NBER working paper #6224
Bradley, 1988, Synergistic gains from corporate acquisitions and their division between stockholders of target and acquiring firms, Journal of Financial Economics, 21, 3, 10.1016/0304-405X(88)90030-X
Brown, 1985, Using daily stock returns, the case of event studies, Journal of Financial Economics, 14, 3, 10.1016/0304-405X(85)90042-X
Caves, 1982
Chang, 1998, Takeovers of privately held targets, methods of payment, and bidder returns, Journal of Finance, 52, 773, 10.1111/0022-1082.315138
Chatterjee, R., Aw, M., 2000. The performance of UK firms acquiring large cross-border and domestic takeover targets. Judge Institute of Management Studies Research Paper WP07/00, Cambridge, UK
Dahlquist, 2003, Corporate governance and the home bias, Journal of Financial and Quantitative Analysis, 38-1, 87, 10.2307/4126765
Denis, 2002, Global diversification, industrial diversification, and firm value, Journal of Finance, 57, 1951, 10.1111/0022-1082.00485
Denis, 2003, International corporate governance, Journal of Financial and Quantitative Analysis, 38-1, 1, 10.2307/4126762
Dewenter, 1995, Does the market react differently to domestic and foreign takeover announcements. Evidence from the U.S. chemical and retail industries, Journal of Financial Economics, 37, 421, 10.1016/0304-405X(94)00795-3
Doukas, 1995, Overinvestment, Tobin's q and gains from foreign acquisitions, Journal of Banking and Finance, 19, 1285, 10.1016/0378-4266(94)00117-L
Doukas, 1988, The effect of corporate multi-nationalism on shareholders wealth: Evidence from international acquisitions, Journal of Finance, 43, 1161, 10.2307/2328212
Eckbo, 2000, Gains to bidder firms revisited: Domestic and foreign acquisitions in Canada, Journal of Financial and Quantitative Analysis, 35, 1, 10.2307/2676236
Edison, 2003, A simple measure of the intensity of capital controls, Journal of Empirical Finance, 10, 81, 10.1016/S0927-5398(02)00055-5
Errunza, 1981, The effects of international operations on the market value of the firm: Theory and evidence, Journal of Finance, 36, 401, 10.2307/2327024
Fatemi, 1984, Shareholder benefits from corporate international diversification, Journal of Finance, 39, 1325, 10.2307/2327730
Fauver, 2003, Capital market development, international integration, legal systems, and the value of corporate diversification: A cross-country analysis, Journal of Financial and Quantitative Analysis, 38-1, 135, 10.2307/4126767
Froot, 1991, Exchange rates and foreign direct investment: An imperfect capital markets approach, Quarterly Journal of Economics, 106-4, 1191, 10.2307/2937961
Fuller, 2002, What do returns of acquiring firms tell us. Evidence from firms that make many acquisitions, Journal of Finance, 57, 1763, 10.1111/1540-6261.00477
Gaughan, 2002
Greene, 1993
Gwartney, 1996
Hansen, 1987, A theory for the choice of exchange medium in mergers and acquisitions, Journal of Business, 60, 75, 10.1086/296386
Harford, 1999, Corporate cash reserves and acquisitions, Journal of Finance, 54, 1969, 10.1111/0022-1082.00179
Harris, 1991, The role of acquisitions in foreign direct investment: Evidence from the U.S. stock market, Journal of Finance, 46, 825, 10.2307/2328544
Healy, 1992, Does corporate performance improve after mergers?, Journal of Financial Economics, 31, 135, 10.1016/0304-405X(92)90002-F
Jensen, 1986, Agency costs of free cash flow, corporate finance, and takeovers, American Economic Review, 76, 323
Jensen, 1983, The market for corporate control, Journal of Financial Economics, 11, 5, 10.1016/0304-405X(83)90004-1
Kelly, 1999
Lang, 1991, A test of the free cash flow hypothesis: The case of bidder returns, Journal of Financial Economics, 24, 137, 10.1016/0304-405X(89)90075-5
La Porta, 1997, Legal determinants of external financing, Journal of Finance, 52, 1131, 10.2307/2329518
La Porta, 1999, Corporate ownership around the world, Journal of Finance, 54, 471, 10.1111/0022-1082.00115
La Porta, 2000, Investor protection and corporate governance, Journal of Financial Economics, 58, 3, 10.1016/S0304-405X(00)00065-9
Lehn, 1989, Free cash flow and stockholder gains in going private transactions, Journal of Finance, 44, 771, 10.2307/2328782
MacKinlay, 1997, Event studies in economics and finance, Journal of Economic Literature, 35, 13
Manzon, 1994, An empirical study of the consequences of U.S. tax rules for international acquisitions by U.S. firms, Journal of Finance, 49, 1893, 10.2307/2329276
Martin, 1996, The method of payment in corporate acquisitions, investment opportunities, and managerial ownership, Journal of Finance, 51, 1227, 10.2307/2329393
McCabe, 1996, The effect of international acquisitions on shareholders' wealth, Mid-Atlantic Journal of Business, 32, 5
Moeller, S.B., Schlingemann, F.P., Stulz, R.M., forthcoming. Firm size and bidder gains. Journal of Financial Economics
Morck, 1991, Why investors value multinationality, Journal of Business, 64, 165, 10.1086/296532
Mundell, 1968
O'Driscoll, 1999
Palepu, 1986, Predicting takeover targets: A methodological and empirical analysis, Journal of Accounting and Economics, 8, 3, 10.1016/0165-4101(86)90008-X
Roll, 1986, The hubris hypothesis of corporate takeovers, Journal of Business, 59, 197, 10.1086/296325
Rossi, S., Volpin, P., forthcoming. Cross-country determinants of mergers and acquisitions. Journal of Financial Economics
Schwert, 1996, Markup pricing in mergers and acquisitions, Journal of Financial Economics, 41, 153, 10.1016/0304-405X(95)00865-C
Servaes, 1991, Tobin's Q and the gains from takeovers, Journal of Finance, 46, 409, 10.2307/2328702
Stulz, 1981, On the effects of barriers to international investment, Journal of Finance, 36, 923, 10.2307/2327556
Thompson, 1995, Empirical methods of event studies in corporate finance, 963, 10.1016/S0927-0507(05)80073-8
Travlos, 1987, Corporate takeover bids, methods of payment and bidding firms' stock returns, Journal of Finance, 42, 943, 10.2307/2328300
White, 1980, A heteroscedasticity-consistent covariance matrix estimator and a direct test for heteroscedasticity, Econometrica, 48, 817, 10.2307/1912934