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Information-signaling and competitive effects of foreign acquisitions in the US

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  • Akhigbe, Aigbe
  • Martin, Anna D.

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  • Akhigbe, Aigbe & Martin, Anna D., 2000. "Information-signaling and competitive effects of foreign acquisitions in the US," Journal of Banking & Finance, Elsevier, vol. 24(8), pages 1307-1321, August.
    • Handle: RePEc:eee:jbfina:v:24:y:2000:i:8:p:1307-1321
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    6. 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.
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    11. Szewczyk, Samuel H, 1992. "The Intra-industry Transfer of Information Inferred from Announcements of Corporate Security Offerings," Journal of Finance, American Finance Association, vol. 47(5), pages 1935-1945, December.
    12. Eun, Cheol S. & Kolodny, Richard & Scheraga, Carl, 1996. "Cross-border acquisitions and shareholder wealth: Tests of the synergy and internalization hypotheses," Journal of Banking & Finance, Elsevier, vol. 20(9), pages 1559-1582, November.
    13. 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.
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    16. Henri Servaes & Marc Zenner, 1994. "Taxes and the Return to Foreign Acquisitions in the United States," Financial Management, Financial Management Association, vol. 23(4), Winter.
    17. John H Dunning, 1988. "The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 19(1), pages 1-31, March.
    18. Edward Brown Flowers, 1976. "Oligopolistic Reactions in European and Canadian Direct Investment in the United States," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 7(2), pages 43-56, June.
    19. Jean-François Hennart & Young-Ryeol Park, 1993. "Greenfield vs. Acquisition: The Strategy of Japanese Investors in the United States," Management Science, INFORMS, vol. 39(9), pages 1054-1070, September.
    20. Slovin, Myron B. & Sushka, Marie E. & Polonchek, John A., 1992. "Informational externalities of seasoned equity issues : Differences between banks and industrial firms," Journal of Financial Economics, Elsevier, vol. 32(1), pages 87-101, August.
    21. Mikkelson, Wayne H. & Partch, M. Megan, 1988. "Withdrawn Security Offerings," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 23(2), pages 119-133, June.
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    Cited by:

    1. Truong, Huynh Sang & Walz, Uwe, 2022. "Spillovers of PE Investments," SAFE Working Paper Series 357, Leibniz Institute for Financial Research SAFE.
    2. Peng Xie & Jiming Wu & Hongwei Du, 2019. "The relative importance of competition to contagion: evidence from the digital currency market," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 5(1), pages 1-19, December.
    3. Mantecon, Tomas, 2009. "Mitigating risks in cross-border acquisitions," Journal of Banking & Finance, Elsevier, vol. 33(4), pages 640-651, April.
    4. Mantecon, Tomas & Liu, Ian & Gao, Fei, 2012. "Empirical evidence of the value of monitoring in joint ownership," Journal of Banking & Finance, Elsevier, vol. 36(4), pages 1045-1056.
    5. Jared F. Egginton & James I. Hilliard & Andre P. Liebenberg & Ivonne A. Liebenberg, 2010. "What Effect Did AIG's Bailout, and the Preceding Events, Have on Its Competitors?," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 13(2), pages 225-249, September.
    6. Joseph W. Meador & Emery A. Trahan, 2008. "The Intra-Industry Effects of Life Insurance Company Demutualizaton," JRFM, MDPI, vol. 1(1), pages 1-23, December.
    7. Xiaoting Hu & Ximing Yin & Zhanming Jin & Jizhen Li, 2020. "How Do International M&As Affect Rival Firm’s Sustainable Performance? —Empirical Evidence from an Emerging Market," Sustainability, MDPI, vol. 12(4), pages 1-17, February.
    8. Elango, B. & Dhandapani, Karthik & Giachetti, Claudio, 2019. "Impact of institutional reforms and industry structural factors on market returns of emerging market rivals during acquisitions by foreign firms," International Business Review, Elsevier, vol. 28(5), pages 1-1.
    9. Bris, Arturo & Brisley, Neil & Cabolis, Christos, 2008. "Adopting better corporate governance: Evidence from cross-border mergers," Journal of Corporate Finance, Elsevier, vol. 14(3), pages 224-240, June.
    10. Otchere, Isaac & Ip, Edwina, 2006. "Intra-industry effects of completed and cancelled cross border acquisitions in Australia: A test of the acquisition probability hypothesis," Pacific-Basin Finance Journal, Elsevier, vol. 14(2), pages 209-230, April.
    11. Ivan E. Brick & Oded Palmon & Dilip K. Patro, 2007. "Stock Price Response to Calls of Convertible Bonds: Still a Puzzle?," Financial Management, Financial Management Association International, vol. 36(2), pages 1-21, July.
    12. Otchere, Isaac, 2007. "Does the response of competitors to privatization announcements reflect competitive or industry-wide information effects? International evidence," Journal of Empirical Finance, Elsevier, vol. 14(4), pages 523-545, September.
    13. Monastyrenko, Evgenii, 2017. "Eco-efficiency outcomes of mergers and acquisitions in the European electricity industry," Energy Policy, Elsevier, vol. 107(C), pages 258-277.
    14. repec:bla:finmgt:v:36:y:2007:i:2:p:1-21:2 is not listed on IDEAS
    15. Boubakri, Narjess & Cosset, Jean-Claude & Grira, Jocelyn, 2017. "Sovereign wealth funds investment effects on target firms' competitors," Emerging Markets Review, Elsevier, vol. 30(C), pages 96-112.
    16. Andriosopoulos, Dimitris & Yang, Shuai & Li, Wei-an, 2016. "The market valuation of M&A announcements in the United Kingdom," International Review of Financial Analysis, Elsevier, vol. 48(C), pages 350-366.
    17. Xin Yu & Peng Zhang & Ying Zheng, 2015. "Corporate Governance, Political Connections, and Intra-Industry Effects: Evidence from Corporate Scandals in China," Financial Management, Financial Management Association International, vol. 44(1), pages 49-80, March.
    18. Evgenii Monastyrenko, 2016. "Cross-Border M&As and Eco-Environmental Performance of European Energy Utilities," FIW Working Paper series 169, FIW.
    19. Burns, Natasha & Liebenberg, Ivonne, 2011. "U.S. takeovers in foreign markets: Do they impact emerging and developed markets differently?," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 1028-1046, September.

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