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

Authors

  • Gordon V. Karels University of Nebraska-Lincoln, United States
  • Edward Lawrence Florida International University, United States
  • Jin Yu St. Cloud State University, United States

DOI:

https://doi.org/10.32890/ijbf2011.8.1.3

Keywords:

Cross border mergers and acquisitions, Acquirer’s abnormal returns, Target’s abnormal returns, Publicly traded acquirers, Privately held targets

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.

 

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Published

13-03-2011

Issue

Vol. 8 No. 1 (2011): International Journal of Banking and Finance (IJBF) Vol. 8, No.1, 2011

Section

Articles

How to Cite

Karels, G. V., Lawrence, E., & Yu, J. (2011). Cross-Border Mergers and Acquisitions between Industrialized and Developing Countries: US and Indian Merger Activity. International Journal of Banking and Finance, 8(1), 35-58. https://doi.org/10.32890/ijbf2011.8.1.3

Research impact

Harvested 2026-09-07
11 citations, from OpenAlex — the highest of the sources checked

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Identifiers DOI 10.32890/ijbf2011.8.1.3 OpenAlex W2133020310