Foreign Acquisitions and Firm-Level Financial Risk

Georgios Efthyvoulou and Liza Jabbour

No 2013-08, Discussion Papers from University of Nottingham, GEP

Abstract: This paper examines the impact of foreign and domestic acquisitions on firm-level financial risk in Italy and Spain over the period 2002-2010. Our results indicate that foreign acquisition leads to a significant and steady reduction in financial risk. In contrast, the domestic acquisition effects are smaller and statistically less robust.

Keywords: financial risk; acquisitions; foreign investment (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-ifn and nep-rmg
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https://www.nottingham.ac.uk/gep/documents/papers/2013/2013-08.pdf (application/pdf)

Related works:
Journal Article: Foreign vs domestic ownership on debt reduction: An investigation of acquisition targets in Italy and Spain (2017)
Working Paper: Foreign vs Domestic Acquisitions on Financial Risk Reduction (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:not:notgep:13/08

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