01960cas a2200277 a 4500 AALejournalIMF022707 230101c9999 xx r poo 0 0eng d 20.00 USD 9781475518382 1018-5941 BD-DhAAL BD-DhAAL Albuquerque, Rui. International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions / Rui Albuquerque, Luis Brandao Marques, Miguel Ferreira, Pedro Matos. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We develop and test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data on cross-border mergers and acquisitions (M and A) and corporate governance in 22 countries, we find that cross-border M and As are associated with subsequent improvements in the governance, valuation, and productivity of the target firmsa' local rivals. This positive spillover effect is stronger when the acquirer is from a country with stronger shareholder protection and if the target's industry is more competitive. We conclude that the international market for corporate control promotes the adoption of better corporate governance practices around the world. Mode of access: Internet Brandao Marques, Luis. Ferreira, Miguel. Matos, Pedro. IMF Working Papers; Working Paper ; No. 2013/234 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2013&issue=234 IMF e-Library