Jory, Surendranath Rakesh; Ngo, Thanh Ngoc - In: Journal of International Business Studies 45 (2014) 9, pp. 1096-1114
We examine the decision of private sector enterprises from developed countries to acquire state-owned enterprises (SOEs) abroad. Using a sample of US firms buying targets abroad between 1987 and 2009, we find that bidders of SOE fare worse than bidders of non-SOE both in terms of stock price and...