This study employs a sample of covered transactions filed with the Committee on Foreign Investment in the United States(CFIUS)of cross-border mergers and acquisitions targeting American companies based on publicly ava...This study employs a sample of covered transactions filed with the Committee on Foreign Investment in the United States(CFIUS)of cross-border mergers and acquisitions targeting American companies based on publicly available news reports and announcements to examine the heterogeneity hypothesis in the CFIUS review process.A comparative analysis of case studies and an empirical analysis of logit regressions are performed.We also explore how CFIUS reviews may have an impact on corporations'future mergers and acquisitions decisions in a panel data model setting.The results show that both unfair treatment in CFIUS review and the deterrent effect of CFIUS interventions have contributed to the recent sharp decline in China s direct investment in the US.展开更多
The developing stock markets of China are waiting to see derivative securities such as stock\|index futures. In this paper, based on the theory of behavioral finance,investment behavior under transaction cost in futur...The developing stock markets of China are waiting to see derivative securities such as stock\|index futures. In this paper, based on the theory of behavioral finance,investment behavior under transaction cost in futures market was studied.展开更多
基金supported by the National Natural Science Foundation o f China(No.71973152)the Fundamental Research Funds for the Central Universities,Zhongnan University of Economics and Law(No.2722020JCT009).
文摘This study employs a sample of covered transactions filed with the Committee on Foreign Investment in the United States(CFIUS)of cross-border mergers and acquisitions targeting American companies based on publicly available news reports and announcements to examine the heterogeneity hypothesis in the CFIUS review process.A comparative analysis of case studies and an empirical analysis of logit regressions are performed.We also explore how CFIUS reviews may have an impact on corporations'future mergers and acquisitions decisions in a panel data model setting.The results show that both unfair treatment in CFIUS review and the deterrent effect of CFIUS interventions have contributed to the recent sharp decline in China s direct investment in the US.
基金This paper is supported by National Nature Science Foundation of China ( No. 7993 0 60 0 79970 0 1 979870 0 77)
文摘The developing stock markets of China are waiting to see derivative securities such as stock\|index futures. In this paper, based on the theory of behavioral finance,investment behavior under transaction cost in futures market was studied.
