Domestic and cross-border effect of acquisition announcements: A short-term study for developed and emerging countries

Florian Otto, Joelson Sampaio () and Vinicius Augusto Brunassi Silva

Finance Research Letters, 2021, vol. 38, issue C

Abstract: 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.

Keywords: Acquisitions; Abnormal returns; Cross-border acquisitions (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:38:y:2021:i:c:s1544612319304490

DOI: 10.1016/j.frl.2020.101501

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