Barbopoulos, Leonidas; Marshall, Andrew; MacInnes, Cameron - In: International Business Review 23 (2014) 3, pp. 604-619
We investigate the shareholder wealth effects of 306 foreign direct investment (FDI) announcements by UK firms in seventy-five emerging markets (EM). Our results show that acquirers enjoy highly significant gains during the announcement period of FDI. Perhaps surprisingly, the highest gains are...