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Foreign Acquisitions and Firm-Level Financial Risk

  • Georgios Efthyvoulou
  • Liza Jabbour

This paper examines the impact of foreign and domestic acquisitions on firm-level financial risk in Italy and Spain over the period 2002-2010. Our results indicate that foreign acquisition leads to a significant and steady reduction in financial risk. In contrast, the domestic acquisition effects are smaller and statistically less robust.

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File URL: http://www.nottingham.ac.uk/gep/documents/papers/2013/2013-08.pdf
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Paper provided by University of Nottingham, GEP in its series Discussion Papers with number 2013-08.

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Date of creation: 2013
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Handle: RePEc:not:notgep:13/08
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