Cross-Border Acquisitions Targeting Chinese Firms – An Empirical Study of Acquirer Returns
The main purpose of this study is to investigate if U.S. firms´acquisition of Chinese firms and U.K. firms are value-enhancing for the U.S. acquirer. The secondary purpose is to investigate if the targets´ level of intangible assets has an impact on the return. We find that there exists a historical acquirer return, amounting to 314 basis points for U.S. firms acquiring Chinese targets and 136 bas
