Size Effect and Corporate Governance in Cross-Border M&As
We examine a sample of 638 cross-border acquisitions by U.S. public firms from 1996 to 2002. Small acquiring firms earn a statistically significant three-day cumulative abnormal announcement return of 2.33%, while large acquirers earn statistically not significant negative return of 0.27%. The obser...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2009-03-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150622151616-YXSH5.pdf |