File Download
There are no files associated with this item.
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.1016/j.jcorpfin.2024.102594
- Scopus: eid_2-s2.0-85195547948
- WOS: WOS:001254403600001
- Find via
Supplementary
- Citations:
- Appears in Collections:
Article: ISDS disputes, adjudication and cross-border M&As
| Title | ISDS disputes, adjudication and cross-border M&As |
|---|---|
| Authors | |
| Keywords | Cross-border merger deals Direct and indirect expropriations Host state expropriation events ISDS disputes Merger deal characteristics |
| Issue Date | 28-May-2024 |
| Publisher | Elsevier |
| Citation | Journal of Corporate Finance, 2024, v. 87 How to Cite? |
| Abstract | ISDS claims are associated with reductions in the likelihood, frequency, and dollar volume of M&As from claimant home countries to respondent states. The host-state expropriation events underlying ISDS claims show no significant effects. The impact of ISDS claims remains after including traditional country risk metrics. Thus, ISDS claims play a unique role in guiding international investment. They prompt foreign acquirers to adopt risk-avoiding strategies, which affect various deal characteristics. We detect strong substantiation effects of investor-win cases and some acquittal effects of state-win cases. The ISDS claims related to direct expropriations and strong-institution respondent states typically produce more striking effects. |
| Persistent Identifier | http://hdl.handle.net/10722/357201 |
| ISSN | 2023 Impact Factor: 7.2 2023 SCImago Journal Rankings: 3.182 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Du, Julan | - |
| dc.contributor.author | Zhang, Yifei | - |
| dc.date.accessioned | 2025-06-23T08:53:55Z | - |
| dc.date.available | 2025-06-23T08:53:55Z | - |
| dc.date.issued | 2024-05-28 | - |
| dc.identifier.citation | Journal of Corporate Finance, 2024, v. 87 | - |
| dc.identifier.issn | 0929-1199 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/357201 | - |
| dc.description.abstract | <p>ISDS claims are associated with reductions in the likelihood, frequency, and dollar volume of M&As from claimant home countries to respondent states. The host-state expropriation events underlying ISDS claims show no significant effects. The impact of ISDS claims remains after including traditional country risk metrics. Thus, ISDS claims play a unique role in guiding international investment. They prompt foreign acquirers to adopt risk-avoiding strategies, which affect various deal characteristics. We detect strong substantiation effects of investor-win cases and some acquittal effects of state-win cases. The ISDS claims related to direct expropriations and strong-institution respondent states typically produce more striking effects.</p> | - |
| dc.language | eng | - |
| dc.publisher | Elsevier | - |
| dc.relation.ispartof | Journal of Corporate Finance | - |
| dc.subject | Cross-border merger deals | - |
| dc.subject | Direct and indirect expropriations | - |
| dc.subject | Host state expropriation events | - |
| dc.subject | ISDS disputes | - |
| dc.subject | Merger deal characteristics | - |
| dc.title | ISDS disputes, adjudication and cross-border M&As | - |
| dc.type | Article | - |
| dc.identifier.doi | 10.1016/j.jcorpfin.2024.102594 | - |
| dc.identifier.scopus | eid_2-s2.0-85195547948 | - |
| dc.identifier.volume | 87 | - |
| dc.identifier.eissn | 1872-6313 | - |
| dc.identifier.isi | WOS:001254403600001 | - |
| dc.identifier.issnl | 0929-1199 | - |