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

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  • Chen, Chao
  • Su, Robert

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  • Chen, Chao & Su, Robert, 1997. "Do cross-border acquisitions of U.S. targets differ from U.S. domestic takeover targets?," Global Finance Journal, Elsevier, vol. 8(1), pages 71-82.
    • Handle: RePEc:eee:glofin:v:8:y:1997:i:1:p:71-82
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    References listed on IDEAS

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    1. Kim, E Han & McConnell, John J, 1977. "Corporate Mergers and the Co-insurance of Corporate Debt," Journal of Finance, American Finance Association, vol. 32(2), pages 349-365, May.
    2. Kogut, Bruce & Chang, Sea Jin, 1991. "Technological Capabilities and Japanese Foreign Direct Investment in the United States," The Review of Economics and Statistics, MIT Press, vol. 73(3), pages 401-413, August.
    3. Michael Gort, 1969. "An Economic Disturbance Theory of Mergers," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(4), pages 624-642.
    4. A. Sinan Cebenoyan & George J. Papaioannou & Nickolaos G. Travlos, 1992. "Foreign Takeover Activity in the U.S. and Wealth Effects for Target Firm Shareholders," Financial Management, Financial Management Association, vol. 21(3), Fall.
    5. Errunza, Vihang R & Senbet, Lemma W, 1981. "The Effects of International Operations on the Market Value of the Firm: Theory and Evidence," Journal of Finance, American Finance Association, vol. 36(2), pages 401-417, May.
    6. Fatemi, Ali M, 1984. "Shareholder Benefits from Corporate International Diversification," Journal of Finance, American Finance Association, vol. 39(5), pages 1325-1344, December.
    7. Harris, Robert S & Ravenscraft, David, 1991. "The Role of Acquisitions in Foreign Direct Investment: Evidence from the U.S. Stock Market," Journal of Finance, American Finance Association, vol. 46(3), pages 825-844, July.
    8. Kang, Jun-Koo, 1993. "The international market for corporate control *1: Mergers and acquisitions of U.S. firms by Japanese firms," Journal of Financial Economics, Elsevier, vol. 34(3), pages 345-371, December.
    9. Richard H. Pettway & Neil W. Sicherman & D. Katherine Spiess, 1993. "Japanese Forign Direct Investment: Wealth Effects from Purchase and Sales of US Assets," Financial Management, Financial Management Association, vol. 22(4), Winter.
    10. Weston, J Fred & Mansinghka, Surendra K, 1971. "Tests of the Efficiency Performance of Conglomerate Firms," Journal of Finance, American Finance Association, vol. 26(4), pages 919-936, September.
    11. Palepu, Krishna G., 1986. "Predicting takeover targets : A methodological and empirical analysis," Journal of Accounting and Economics, Elsevier, vol. 8(1), pages 3-35, March.
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    Cited by:

    1. Graham, Michael & Martey, Emmanuel & Yawson, Alfred, 2008. "Acquisitions from UK firms into emerging markets," Global Finance Journal, Elsevier, vol. 19(1), pages 56-71.
    2. Ralf Bebenroth & Pao-Lien Chen, 2018. "Cherry Picking versus Lemon Grabbing: Target Selection of Cross-Border and Domestic Acquisitions in Japan," Discussion Paper Series DP2018-13, Research Institute for Economics & Business Administration, Kobe University.
    3. Zhu, PengCheng & Jog, Vijay & Otchere, Isaac, 2011. "Partial acquisitions in emerging markets: A test of the strategic market entry and corporate control hypotheses," Journal of Corporate Finance, Elsevier, vol. 17(2), pages 288-305, April.
    4. Ostapchuk, Igor & Gagalyuk, Taras & Epshtein, David & Dibirov, Abusupyan, 2021. "What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(4), February.
    5. Ostapchuk, Igor & Gagalyuk, Taras & Epshtein, David & Dibirov, Abusupyan, 2021. "What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(4), pages 593-613.
    6. Martin Bugeja, 2011. "Foreign takeovers of Australian listed entities," Australian Journal of Management, Australian School of Business, vol. 36(1), pages 89-107, April.

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