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Conference Paper: Signaling and location: cross-listing and cross-border acquisitions by emerging economy firms
| Title | Signaling and location: cross-listing and cross-border acquisitions by emerging economy firms |
|---|---|
| Authors | |
| Issue Date | 2016 |
| Citation | The 2016 International Academic Business Conference, San Francisco, CA., 31 July-4 August 2016. How to Cite? |
| Abstract | Our research examines the effects of cross-listing on the cross-border acquisition performance of emerging economy firms (EEFs). We propose that EEFs adopt a strategy of arbitrage by leveraging the financial and legal institutions of a developed country through cross-listing, to address the information asymmetry and uncertainty associated with cross-border acquisitions. The relationship between cross-listing and acquisition performance is strengthened by EEFs’ opacity and resource growth. We test our hypotheses in a sample of 1,635 acquisitions conducted by EEFs. Our results reveal that cross-listing is an effective way for EEFs to enhance the outcomes of strategic actions in the globalized economy. |
| Persistent Identifier | http://hdl.handle.net/10722/230197 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Tang, Y | - |
| dc.contributor.author | Phene, A | - |
| dc.contributor.author | Click, R | - |
| dc.contributor.author | Madhavan, R | - |
| dc.date.accessioned | 2016-08-23T14:15:40Z | - |
| dc.date.available | 2016-08-23T14:15:40Z | - |
| dc.date.issued | 2016 | - |
| dc.identifier.citation | The 2016 International Academic Business Conference, San Francisco, CA., 31 July-4 August 2016. | - |
| dc.identifier.uri | http://hdl.handle.net/10722/230197 | - |
| dc.description.abstract | Our research examines the effects of cross-listing on the cross-border acquisition performance of emerging economy firms (EEFs). We propose that EEFs adopt a strategy of arbitrage by leveraging the financial and legal institutions of a developed country through cross-listing, to address the information asymmetry and uncertainty associated with cross-border acquisitions. The relationship between cross-listing and acquisition performance is strengthened by EEFs’ opacity and resource growth. We test our hypotheses in a sample of 1,635 acquisitions conducted by EEFs. Our results reveal that cross-listing is an effective way for EEFs to enhance the outcomes of strategic actions in the globalized economy. | - |
| dc.language | eng | - |
| dc.relation.ispartof | International Academic Business Conference | - |
| dc.title | Signaling and location: cross-listing and cross-border acquisitions by emerging economy firms | - |
| dc.type | Conference_Paper | - |
| dc.identifier.email | Tang, Y: tangyn04@hku.hk | - |
| dc.identifier.authority | Tang, Y=rp02042 | - |
| dc.identifier.hkuros | 262174 | - |