Do cross-border acquisitions of U.S. targets differ from U.S. domestic takeover targets?

Global Finance Journal

Volumn 8, Issue 1, 1997, Pages 71-82

  Chen, Chao ^a   Su, Robert ^b  

^a CALIFORNIA STATE UNIVERSITY   (United States)

^b NATIONAL CHENGCHI UNIVERSITY   (Taiwan)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33845930608     PISSN: 10440283     EISSN: None     Source Type: Journal    
DOI: 10.1016/s1044-0283(97)90006-5     Document Type: Article

References (15)

1. Cebenoyan A.S., Papaioannou J.G., Travlos G.N. Foreign takeover activity in the U.S. and wealth effects for target firm shareholders. Financial Management. 21:1992;58-68.
2. Errunza V.R., Senbet L.W. The effects of international operations on the market value of the firm: Theory and evidence. Journal of Finance. 36:1981;401-417.
3. Fatemi A.M. Shareholder benefits from corporate international diversification. Journal of Finance. 39:1984;1325-1344.
4. Gort M. An economic disturbance theory of merger. Quarterly Journal of Economics. 1969;624-642.
5. Hall B.H. Auerbach A.J. The effects of takeover activity on corporate research and development, corporate takeovers: causes and consequences. 1988.
6. Harris R.S., Ravenscraft D. The role of acquisitions in foreign direct investment: Evidence from the U.S. stock market. Journal of Finance. 46:1991;825-844.
7. Judge G.G., Griffiths W.E., Hill R.C., Lutkepohl H., Lee T. The theory and practice of econometrics. 2nd Ed :1985;John Wiley and Sons.
8. Kang J. The international market for corporate control: mergers and acquisitions of U.S. firms by Japanese firms. Journal of Financial Economics. 34:1993;345-371.
9. Kim E.H., McConnell J.J. Corporate mergers and the co-insurance of corporate debt. Journal of Finance. 32:1977;349-365.
10. Kogut B., Chang S.J. Technological capabilities and Japanese foreign direct investment in the United States. Review of Economics and Statistics. 1991;401-413.
11. Neubauser L., Cowley N. Why Japanese firms have pulled back on overseas buying. Mergers and Acquisitions. 1992;13-17.
12. Palepu K.G. Predicting takeover targets: A methodological and empirical analysis. Journal of Accounting and Economics. 8:1986;3-35.
13. Pettway R.H., Sicherman N.W., Spiess K.D. Japanese foreign direct investment: Wealth effects from purchases and sales of U.S. assets. Financial Management. 22:1993;82-95.
14. Servaes H., Zenner M. The returns to foreign acquisitions in the United States. 1990;University of Chicago. Working Paper.
15. Weston J.F., Mansinghka S.K. Tests of the efficiency performance of conglomerate firms. Journal of Finance. 26:1971;919-936.