Do Cross Border Acquisitions Relieve Financial Constraints of Target Firms in Asean?

DOI

10.2991/aebmr.k.201126.054How to use a DOI?

Keywords

cross-border acquisitions, financial constraints, ASEAN

Abstract

This paper examines whether cross border acquisitions lessen financial constraints of target firms in ASEAN based on a sample of 538 acquisitions over the period of 1988-2016. Using cash holding of target firms, the cash flow sensitivity of cash, the cash flow of sensitivity of investment and the quantity of the target firm’s investments to measure financial constraints, we find that cross border acquisitions in ASEAN are associated with a reduction of target firm’s financial constraints.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Auliyah Rizky Suhasmoro
AU  - Ruslan Prijadi
PY  - 2020
DA  - 2020/11/27
TI  - Do Cross Border Acquisitions Relieve Financial Constraints of Target Firms in Asean?
BT  - Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)
PB  - Atlantis Press
SP  - 487
EP  - 493
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201126.054
DO  - 10.2991/aebmr.k.201126.054
ID  - Suhasmoro2020
ER  -