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We evaluate the impact of the 2003 SARS-CoV-1 epidemic on inbound cross-border M&As in China. Provinces that experienced high level of SARS infection rates, also suffered a significant decline in cross-border M&A activity, both in terms of the number of transactions and the overall dollar...
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In this paper, we use an analyst’s coverage portfolio as the unit of analysis and argue that the linkage among the portfolio firms can provide useful information for analyst forecasts at the portfolio level. In particular, the geographic overlap in the portfolio firms’ global sales network...
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