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

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  • Otto, Florian
  • Sampaio, Joelson Oliveira
  • Silva, Vinicius Augusto Brunassi

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.

Suggested Citation

  • Otto, Florian & Sampaio, Joelson Oliveira & Silva, Vinicius Augusto Brunassi, 2021. "Domestic and cross-border effect of acquisition announcements: A short-term study for developed and emerging countries," Finance Research Letters, Elsevier, vol. 38(C).
    • Handle: RePEc:eee:finlet:v:38:y:2021:i:c:s1544612319304490
    DOI: 10.1016/j.frl.2020.101501
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