Cross-country determinants of mergers and acquisitions

By Stefano Rossi, Paolo F. Volpin. 2004

1,346 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/56d8a126b5fccf8ecbc9fa58e9bb31308d212f64

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Citations in the corpus

Firm Size, Takeover Profitability, and the Effectiveness of the Market for Corporate Control: Does the Absence of Anti-Takeover Provisions Make a Difference? (2011, positive): “A cross-country analysis of takeovers during the period 1990-1999 by Rossi and Volpin (2004) shows average premiums of 30% for Australia, 33% for Canada, 46% for the UK, and 44% for the US.”
Does Takeover Activity Cause Managerial Discipline? Evidence from International M&A Laws (2015, positive): “For example, Figure 1 shows that the average merger intensity, defined following Rossi and Volpin (2004) as the number of M&As of all firms divided by the total number of publicly listed firms in the country in a given year, increases by 2.”
Corporate Governance Reforms Around the World and Cross-Border Acquisitions (2013, positive): “Rossi and Volpin (2004) find more hostile takeovers take place in countries with greater shareholder protection, common law, and higher accounting standards.”
Investor Protection, Equity Returns, and Financial Globalization (2009, background): “Similarly, Rossi and Volpin (2004) find that acquisition targets are typically from countries with poorer shareholder protection than their acquirers.”
The cost of pride: Why do firms from developing countries bid higher? (2011, positive): “This approach is consistent with Rossi and Volpin (2004).”
Economic Nationalism in Mergers and Acquisitions (2013, neutral): “9 For studies on European mergers and acquisitions but without a political economy focus, see, for example, Rossi and Volpin (2004), Faccio and Masulis (2005), Ferreira, Massa, and Matos (2007), Bris and Cabolis (2008), and Erel, Jang, and Weisbach (2012).”
Mars–Venus marriages: Culture and cross-border M&A (2009, background): “It has also been shown that corporate governance of acquirers can have a positive influence on a target from a weaker corporate governance environment (Rossi and Volpin (2004)).”
Do international acquisitions by emerging-economy firms create shareholder value? The case of Indian firms (2010, background): “…alternate possibility is that most of the acquisitions made by Indian firms are relatively small, with lower bid premiums Journal of International Business Studies and subsequent lower risks, thereby invoking a favorable response from shareholders (Hennart & Reddy, 1997; Rossi & Volpin, 2004).”
Gains from Mergers and Acquisitions Around the World: New Evidence (2010, background): “Further, inter-border transactions may amplify the information asymmetry between the 3 Rossi and Volpin (2004) use the frequency of completed listed targets’ acquisitions among traded companies as a measure of merger activity.”
Egalitarianism and International Investment (2011, neutral): “Rossi and Volpin (2004) and di Giovanni (2005) use language similarity and geography as proxies for cultural distance in merger and acquisition activity [see also Shen and Lin (2009); compare Grote and Umber (2008) on domestic mergers and acquisitions].”