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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
      
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The Impacts of Intellectual Property Rights Protection on Cross-Border M&As, Quarterly Journal of Finance 3 (2017). Hasan, Iftekhar ; Khalil, Fahad ; Sun, Xian


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Hasan, Iftekhar ; Khalil, Fahad ; Sun, Xian 
Number of authors
Status Published
Year of publication 2017 
Date 15.09.2017 
Name of article The Impacts of Intellectual Property Rights Protection on Cross-Border M&As 
Name of journal Quarterly Journal of Finance
Volume of issue
Number of issue
Abstract We investigate the impacts of improved intellectual property rights (IPR) protection on cross-border M&A performance. Using multiple measures of IPR protection and based on generalized difference-in-differences estimates, we find that countries with better IPR protection attract significantly more hi-tech cross-border M&A activity, particularly in developing economies. Moreover, acquirers pay higher premiums for companies in countries with better IPR protection, and there is a significantly higher acquirer announcement effect associated with these hi-tech transactions.
Free text descriptor in Finnish fuusiot; yrityskaupat; immateriaalioikeus; yritykset; kehittyvät markkinat 
Free text descriptor in English cross-border M&As; emerging markets; intellectual protection reforms; property rights 
JEL-codes G32, G34, O31, O34, F43, C23 
ISSN / e-ISSN 2010-1406 
auki Internet addresses
Additional information Published online: 21 Aug 2017
Notes BoF DP 17/2017 
Open Access Not open


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