000			01923naa a2200277uu 4500
001			8376
003			OSt
005			20190211154441.0
008			021118s2005 xx ||||gr |0|| 0 eng d
100	1		_aSETH, Anju _99810
245	1	0	_aValue creation and destruction in cross-border acquisitions : _ban empirical analysis of foreign acquisitions of U.S. firms
260			_c2002
520	3		_aWe conduct as investigation of the sources of gains and losses in cross-border acquisitions in light of different motives for undertaking these transactions: synergy-seeking, managerialism and hubris; We find that the data are consistent with the expectation that multiple sources of value creation exist in synergistic cross-border acquisitions: asset sharing, reverse internalization of valuable intangible assets, and financial diversification. Gains accrue to bidder firm shareholders only for the least fungible of these sources of gains, i.e., reverse internaliztion. For value-des troying acquisitions that are expected to be driven by managerialism, we find that the data are consistent with only one of the sources of value destruction that we examine, i.e., risk reduction. In these acquisitions, the evidence also suggests that the relative size of the target to the bidder mitigates the negative effects of risk reduction. Our results underscore the importance of considering the implications of alternative behavioral assumptions in empirical strategy content research
650		4	_aInternational acquisitions _917638
650		4	_aCross border _917639
650		4	_aCompra _912071
650		4	_aValue Creation _917640
650		4	_aValue Destruction _917641
650		4	_aManagerial Motives _917642
700	1		_aSONG, Kean P _917643
700	1		_aPETTIT, R. Richardson _917644
773	0	8	_tStrategic Management Journal _g23, 10, p. 921-940 _d, 2002 _w
942			_cS
998			_a20021118 _bLucima _cLucimara
998			_a20140618 _b0918^b _ckarina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c8522 _d8522
041			_aeng