Cross-border mergers and acquisitions: Global and regional perspectives

Journal of International Management

Volumn 5, Issue 3, 1999, Pages 207-239

  Hopkins, H Donald ^a   Chaganti, Raj ^a   Kotabe, Masaaki ^a   Co Editors, ^a  

^a TEMPLE UNIVERSITY   (United States)

Author keywords

Cross border M A; Global strategy; International management

Indexed keywords

EID: 0008444373     PISSN: 10754253     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1075-4253(99)00014-9     Document Type: Article

References (48)

1. Agrawal A., Jaffe J.F., Mandelker G.N. The post-merger performance of acquiring firms. a re-examination of an anomaly J Finance. 47:1992;1605-1671.
2. Asquith P., Brunner R.F., Mullins D. Jr. The gains for bidding firms for merger. J Financial Econ. 11:1987;121-139.
3. Banerjee A., Owens J.E. Wealth reduction in white knight bids. Financial Manage. 21:1992;48-57.
4. Bergh D.D. Predicting divestiture of unrelated acquisitions. an integrative model of ex ante conditions Strategic Manage J. 18(9):1997;715-731.
5. Bradley M., Desai A., Kim E.H. The rational behind interfirm tender offers. information of synergy? J Financial Econ. 11:1988;183-206.
6. Bradley M., Jarrel G. Comment. Coffee Jr J.C., Lowenstein L., Rose-Ackerman S. Knights, raiders and targets. 1988;252-259 Oxford University Press, New York.
7. Byrd J.W., Hickman K.A. Do outside directors monitor managers? J of Financial Econ. 32:1992;195-221.
8. Campbell A., Goold M., Alexander M. Corporate strategy. the quest for parenting advantage Harvard Business Rev March-April. 120-132:1995.
9. Chatterjee S. Type of synergy and economic value. the impact of acquisitions on merging and rival firms Strategic Manage J. 7:1986;119-139.
10. Chatterjee S., Lubatkin M. Corporate mergers, stockholder diversification, and changes in systematic risk. Strategic Manage J. 11:1990;255-268.
11. Chatterjee S., Lubatkin M.H., Schweiger D.M., Weher Y. Cultural difference and stockholder value in related mergers. Strategic Manage J. 13:1992;319-324.
12. Datta D.K., Pinches G.E., Narayanan V.K. Factors influencing wealth creation from mergers and acquisitions. a meta-analysis Strategic Manage J. 13:1992;67-84.
13. Elgers P., Clark J. Merger types and stockholder returns. additional evidence Financial Manage. 9:1980;66-72.
14. Ghoshal S. Global strategy. an organizing framework Strategic Manage J. 8:1987;425-440.
15. Gilson R.J., Black B.S. The law and finance of corporate acquisitions. 2nd Edition:1995;Foundation Press, Westbury, NY.
16. Gonzalez P., Vasconcellos G.M., Kish R.J. Cross-border mergers and acquisitions. the undervaluation hypothesis Q Rev Econ Finance. 38(1):1998;25-45.
17. Haspeslagh P.C., Jemison D.B. Managing acquisitions. creating value through corporate renewal:1991;Free Press, New York.
18. Healy P.M., Palepu K.G., Ruback R.G. Which takeovers are profitable? Strategic or financial? Sloan Manage Rev Summer. 45-57:1997.
19. Hennart J.F., Park Y.R. Greenfield vs. acquisition. the strategy of Japanese investors in the United States Manage Sci. 39(9):1993;1054-1070.
20. Hopkins H.D. Acquisition strategy and the market position of acquiring firms. Strategic Manage J. 8:1987;535-548.
21. Jarrell G.A., Poulsen A. Shark repellants and stockprices. the effects of antitakeover amendments since 1980 J Financial Econ. 19:1989;127-168.
22. Jarrell G.A., Brickley J.A., Netter J.M. The market for corporate control. the empirical evidence since 1980 J Econ Perspect. 2:1988;21-48.
23. Jennings R., Mazzeo M. Stock price movements around acquisition announcements and management's response. J of Business. 64:1991;139-163.
24. Jensen M.C., Ruback R.S. The market for corporate control. J Financial Econ. 11:1983;5-50.
25. Kitching J. Why do mergers miscarry? Harvard Business Rev March-April. 84-101:1967.
26. Kusewitt J. An exploratory study of strategic acquisition factors relating to performance. Strategic Manage J. 6:1985;151-169.
27. Lajoux, A., Weston, J.F., 1998. Do deals deliver on postmerger performance? Mergers and Acquisitions September/October, 34-37.
28. Loderer, C., Martin, K., 1992. Postacquisition performance of acquiring firms. Financial Manage Autumn, 69-79.
29. Magenheim, E.B., Mueller, D.C., 1988. Are acquiring firm shareholders better off after acquisition? In: Coffee, J.C., Lowenstein, L., and Rose-Ackerman, S. (Eds.), Knights, raiders, and targets: the impact of hostile takeovers. Oxford University Press, New York, pp. 171-193.
30. Markides C.C., Ittner C.D. Shareholder benefits from corporate international diversification. evidence from U.S. international acquisitions J Int Business Stud. 25(2):1994;343-366.
31. Morck R., Shleifer A., Vishny R.W. Do managerial objectives drive bad acquisitions? J Finance. 4:1990;31-48.
32. Morosini P. Managing cultural differences. effective strategy and execution across cultures in global corporate alliances:1998;Pergamon, New York.
33. Morosini P., Scott S., Singh H. National cultural distance and cross-border acquisition performance. J Int Business Stud. 29(1):1998;137-158.
34. Porter M.E. From competitive advantage to competitive strategy. Harvard Business Rev. 65(3):1987;43-59.
35. Porter M.E. Towards a dynamic theory of strategy. Strategic Manage J. 12:1991;95-117.
36. Porter, M E., 1998. What is strategy? In: Collection of papers by M. Porter. On Competition. HBS Press, Boston, pp. 39-74.
37. Ramaswamy K. The performance impact of strategic similarity in horizontal mergers. evidence from the U.S. banking industry Acad Manage J. 40(3):1997;697-715.
38. Ravenscraft D., Scherer F. The profitability of mergers. Int J Ind Organ. 7:1989;101-116.
39. Sebenius J.K. Case study. negotiating cross-border acquisitions Sloan Manage Rev Winter. 27-41:1998.
40. Servaes H. Tobin's Q and the gains from takeover. J Finance. 46:1991;409-419.
41. Shelton L. Strategic business fits and corporate acquisition. empirical evidence Strategic Manage J. May-June:1988;279-288.
42. Shrivastava P. Post-merger integration. J Business Strategy. 7:1986;65-76.
43. Singh H., Montgomery C. Corporate acquisition strategies and economic performance. Strategic Manage J. 8:1987;377-386.
44. Sirower, M.L., 1994. Acquisition behavior, strategic resource commitments and the acquisition game. Ph.D. dissertation, Graduate School of Business. Columbia University.
45. Sirower M.L. The synergy trap. 1997;Free Press, New York.
46. Strom S., Bradsher K. Wedding or Wipe-Out? New York Times. May 23:1999.
47. Varaiya N.P., Ferris K.R. Overpaying in corporate takeovers. The winner's curse Financial Analysts' J. May-June:1987;64-73.
48. You V.L., Caves R.E., Henry J.S., Smith M.M. Mergers and bidder's wealth. Managerial and strategic factors Thomas L.G. The economics of strategic planning. 1986;201-220 Lexington Books, Lexington, MA.