%0 Journal Article
%T The value of foreign ownership
%A John Romalis
%J Economic and Business Review
%D 2011
%I University of Ljubljana
%X We use  rm level data on cross-border mergers and acquisitions and share prices to explore the extent to which foreign ownership increases the pro tability of  rms in emerging markets. We  nd that cross-border ac quisitions add value to target  rms. However, there is only weak evidence that such acquisitions add more value than purely domestic acquisitions. Further, most of this latter e ect occurs when the target  rm¡¯s country is in a crisis.
%U http://www.ebrjournal.net/ojs/index.php/ebr/article/view/81