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
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:not:notgep:13/08

Access Statistics for this paper

More papers in Discussion Papers from University of Nottingham, GEP School of Economics University of Nottingham University Park Nottingham NG7 2RD. Contact information at EDIRC.
Bibliographic data for series maintained by Hilary Hughes ().