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

Florian Otto, Joelson Oliveira Sampaio, Vinicius Augusto Brunassi Silva

Research output: Contribution to journalArticlepeer-review

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.

Original languageEnglish
Article number101501
JournalFinance Research Letters
Volume38
DOIs
Publication statusPublished - Jan 2021

Keywords

  • Abnormal returns
  • Acquisitions
  • Cross-border acquisitions

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