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Cross-Border Mergers and Acquisitions between Industrialized and Developing Countries: US and Indian Merger Activity


Karels, Gordon V. and Lawrence, Edward and Yu, Jin (2011) Cross-Border Mergers and Acquisitions between Industrialized and Developing Countries: US and Indian Merger Activity. The International Journal of Banking and Finance, 8 (1). pp. 35-58. ISSN 1617-722

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Abstract

In this paper we study the cross border mergers and acquisition between the US and Indian firms. Our empirical work suggests that US firms realize significant losses on the announcement of acquisitions of Indian targets while Indian targets realize significant gains on the announcement mergers with US acquirers. Publicly-traded Indian firms realize significant returns on their announcement of acquisitions of publicly-traded US firms but realize significant positive returns on announcement of acquisitions of privately-held US firms and subsidiary firm targets. Publicly-traded US targets realize insignificant gains when US acquired by Indian firms.

Item Type: Article
Uncontrolled Keywords: Cross border mergers and acquisitions, acquirer’s abnormal returns, target’s abnormal returns, publicly traded acquirers, privately held targets
Subjects: H Social Sciences > HG Finance
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 25 Oct 2018 02:18
Last Modified: 25 Oct 2018 02:18
URI: http://repo.uum.edu.my/id/eprint/25048

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