Skip navigation
Skip navigation

Exchange rates and target premia in the United States

Bilson, Chris M; Fleming, G


This paper re-examines the relationship between the target takeover premia and the level of the exchange rate in pure domestic target-domestic bid der takeovers. We estimate the level and nature of exchange rate exposure for 189 U.S. targets between 1990 and 2000 and relate market model cumulative abnormal returns to the type of exposure, firm and bid characteristics. We report that targets that are negatively exposed to exchange rates and are acquired during periods of weak domestic exchange...[Show more]

CollectionsANU Research Publications
Date published: 2002
Type: Working/Technical Paper


File Description SizeFormat Image
Workingpaper02-01.pdf88.98 kBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator