The value of foreign ownership
<p>We use firm level data on cross-border mergers and acquisitions and share prices to explore the extent to which foreign ownership increases the profitability of firms in emerging markets. We find that cross-border ac&not;quisitions add value to target firms. However, there is onl...
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| Format: | Article |
| Language: | English |
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University of Ljubljana
2011-12-01
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| Series: | Economic and Business Review |
| Online Access: | http://www.ebrjournal.net/ojs/index.php/ebr/article/view/81 |
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doaj-e8fb785515d84870b9595948befe39432020-11-24T21:33:16ZengUniversity of LjubljanaEconomic and Business Review1580-04662011-12-01131-2107118The value of foreign ownershipJohn Romalis<p>We use firm level data on cross-border mergers and acquisitions and share prices to explore the extent to which foreign ownership increases the profitability of firms in emerging markets. We find that cross-border ac&not;quisitions add value to target firms. However, there is only weak evidence that such acquisitions add more value than purely domestic acquisitions. Further, most of this latter effect occurs when the target firm&rsquo;s country is in a crisis.</p>http://www.ebrjournal.net/ojs/index.php/ebr/article/view/81 |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
John Romalis |
| spellingShingle |
John Romalis The value of foreign ownership Economic and Business Review |
| author_facet |
John Romalis |
| author_sort |
John Romalis |
| title |
The value of foreign ownership |
| title_short |
The value of foreign ownership |
| title_full |
The value of foreign ownership |
| title_fullStr |
The value of foreign ownership |
| title_full_unstemmed |
The value of foreign ownership |
| title_sort |
value of foreign ownership |
| publisher |
University of Ljubljana |
| series |
Economic and Business Review |
| issn |
1580-0466 |
| publishDate |
2011-12-01 |
| description |
<p>We use firm level data on cross-border mergers and acquisitions and share prices to explore the extent to which foreign ownership increases the profitability of firms in emerging markets. We find that cross-border ac&not;quisitions add value to target firms. However, there is only weak evidence that such acquisitions add more value than purely domestic acquisitions. Further, most of this latter effect occurs when the target firm&rsquo;s country is in a crisis.</p> |
| url |
http://www.ebrjournal.net/ojs/index.php/ebr/article/view/81 |
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AT johnromalis thevalueofforeignownership AT johnromalis valueofforeignownership |
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