search query: @author Kolodny, R. / total: 5
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Author: | Eun, C. Kolodny, R. Scheraga, C. |
Title: | Cross-border acquisitions and shareholder wealth: tests of the synergy and internalization hypotheses |
Journal: | Journal of Banking and Finance
1996 : NOV, VOL. 20:9, p. 1559-1582 |
Index terms: | BANKING FINANCE MERGERS |
Language: | eng |
Abstract: | In this paper, the authors test the synergy and internalization hypotheses for international acquisitions using a sample of foreign acquisitions of US firms during the period 1979-90. The major findings include: first, shareholders of the paired sample of US targets and foreign acquieries experienced significantly positive combined wealth gains, indicating that cross-border takeovers are generally synergy-creating activities; second, shareholders of the US targets realized significant wealth gains, regardless of th nationality of acquirers. |
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