| dc.contributor | 會計系 | en_US |
| dc.creator (作者) | Chen, Chao ;Su, Robert | en_US |
| dc.creator (作者) | 蘇瓜藤 | zh_TW |
| dc.date (日期) | 1997-03 | en_US |
| dc.date.accessioned | 4-Mar-2014 15:26:01 (UTC+8) | - |
| dc.date.available | 4-Mar-2014 15:26:01 (UTC+8) | - |
| dc.date.issued (上傳時間) | 4-Mar-2014 15:26:01 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/64420 | - |
| dc.description.abstract (摘要) | This paper examines whether cross-border acquisitions in the U.S. focus more on technology intensive targets than do domestic acquisitions. In addition to the technology effect, are there any other reasons why a firm is more likely to be a foreign target than a domestic target? The empirical results indicate significant difference between foreign and domestic target characteristics such as technology, size, liquidity, profitability, Q ratio, and growth. Among them, technology, liquidity, and profitability are the determinants for the choices between foreign and domestic takeover targets. Surprisingly, the R&D expenditures of U.S. targets in cross-border acquisitions are relatively lower than those of domestic targets. Moreover, U.S. targets of cross-border takeovers are financially worse than U.S. targets of domestic takeovers. In general, the predicting ability of logit models for cross-border targets is better than that for domestic targets, but it is only marginally better than random prediction. | en_US |
| dc.format.extent | 861489 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Global Finance Journal, 8(1), 71-82 | en_US |
| dc.title (題名) | Do Cross-Border Acquisitions of U.S. Targets Differ from U.S. Domestic Take overs? Are They Predictable? | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1016/S1044-0283(97)90006-5 | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/S1044-0283(97)90006-5 | - |
