Table 5.
Empirical articles with an event study in the Journal of International Business Studies, 1970–2019
| Authors | Article title | Year | Setting |
|---|---|---|---|
| Cosset, J-C., & Doutriaux De La Rianderie, B. | Political risk and foreign exchange rates: an efficient-market approach | 1985 | Impact of 52 political risk events on FX market 1973–1983 |
| Kwok, C.C.Y., & Brooks, L.D. | Examining event study methodologies in foreign exchange markets | 1990 | Simulating FX market shocks |
| Tsetsekos, G.P., & Gombola, M.J. | Foreign and domestic divestments: evidence on valuation effects of plant closings | 1992 | Stock market reaction to 982 domestic and foreign plant closures 1980–1986 |
| Foerster, S.R., & Karolyi, G.A. | International listings of stocks: the case of Canada and the US | 1993 | 1981–1990 study of 53 Canadian stocks that were dual listed on US exchanges |
| Kryzanowski,L., & Ursel, N.D. | Market reaction to the formation of export trading companies by American banks | 1993 | ETC announcements by 15 US banks 1982–1991 |
| Markides, C.C., &. Ittner, C.D. | Shareholder benefits from corporate international diversification: evidence from US international acquisitions | 1994 | 276 international acquisitions by US firms 1975–1988 |
| Sundaram, A.K., & Logue, D.E. | Valuation effects of foreign company listings on US exchanges | 1996 | Pre- vs. post cross-border listings at home over 6-month window. Not an event study but complementary. |
| Reuer, J.J. | Parent firm performance across international joint venture life-cycle stages | 2000 | 215 terminated IJVs 1985–1995 based on formation and termination dates |
| Seth, A., Song, K.P., & Pettit, R. | Synergy, managerialism, or hubris? An empirical examination of motives for foreign acquisitions of US firms | 2000 | 100 cross-border acquisitions 1981–1990 |
| Oxley, J. E., & Schnietz, K.E. | Globalization derailed? Multinational investors’ response to the 1997 denial of fast-track trade negotiating authority | 2001 | Denial of NAFTA Fast Track in 1997 on US stock prices |
| Doukas, J. A., & Lang, L.H.P. | Foreign direct investment, diversification and firm performance | 2003 | 435 new foreign plant announcements 1980–1992 |
| Ojah, K., & Monplaisir, L. | Investors' valuation of global product design and development | 2003 | 170 announcements of US global product design/dev 1990–2000 |
| Beaulieu, M-C., & Cosset, J-C. | The impact of political risk on the volatility of stock returns: the case of Canada | 2005 | impact of political risk (in news) on stock return volatility in Canada 1990–1996 |
| Eden, L., Juarez Valdez, L.F., & Li, D. | Talk softly but carry a big stick: transfer pricing penalties and the market valuation of Japanese multinationals in the United States | 2005 | US transfer pricing penalty impact on Japanese ADRs 1990–1997 |
| Meschi, P-X. | Stock market valuation of joint venture sell-offs | 2005 | Reaction to 148 joint venture sell-offs 1994–2002 |
| Wooster, R.B. | US companies in transition economies: wealth effects from expansion between 1987 and 1999 | 2006 | 300 announcements of inward FDI in CEE and FSU countries 1987–1999 |
| Miller, S.R, Li, D., Eden, L. & Hitt, M.A. | Insider trading and the valuation of international strategic alliances in emerging stock markets | 2008 | Reaction to foreign-Chinese alliances on Chinese stock markets with insider trading and state ownership |
| Aybar, B., & Ficici, A. | Cross-border acquisitions and firm value: An analysis of emerging-market multinationals | 2009 | 433 M&A announcements of cross-border acquisitions of emerging market MNEs, 1991–2004 |
| Chakrabarti, R., Gupta-Mukherjee, S., & Jayaraman, N. | Mars–Venus marriages: Culture and cross-border M&A | 2009 | Long-run performance of 800 cross-border acquisitions 1991–2004 |
| Reus, T. H., & Lamont, B.T. | The double-edged sword of cultural distance in international acquisitions | 2009 | 118 int'l acquisitions by US MNEs and performance based on cultural distance |
| Vaaler, P. M., & Schrage, B.N. | Residual state ownership, policy stability and financial performance following strategic decisions by privatizing telecoms | 2009 | 196 privatization events 1986–2001 |
| Gubbi, S.R., Aulakh, P.S., Ray, R., Sarkar, M.B., & Chittoor, R. | Do international acquisitions by emerging-economy firms create shareholder value? The case of Indian firms | 2010 | 425 cross-border acquisitions by Indian firms 2000–2007 |
| Kang, J-K., & Kim, J-M. | Do foreign investors exhibit a corporate governance disadvantage? An information asymmetry perspective | 2010 | Announcement effects of US partial acquisitions by foreign firms 1981–1999 |
| Jory, S. R., & Ngo, T.N. | Cross-border acquisitions of state-owned enterprises | 2014 | US investors buying state-owned enterprises 1987–2009 |
| Ellis, J. A., Moeller, S.B., Schlingemann, F.P., & Stulz, R.M. | Portable country governance and cross-border acquisitions | 2017 | 8,090 cross-border acquisitions between 1990 and 2007, uses 5-day window |
| Renneboog, L., Szilagyi, P.G., & Vansteenkiste, C. | Creditor rights, claims enforcement, and bond performance in mergers and acquisitions | 2017 | 1100 crossborder M&As and abnormal returns to Eurobonds |
| Sojli, E., & Tham, W.W. | Foreign political connections | 2017 | Foreign government investments |
| Barbopoulos, L.G., Danbolt, J., & Alexakis, D. | The role of earnout financing on the valuation effects of global diversification | 2018 | 31,848 foreign M&A announcements 1992–2012 |
| Dinner, I. M., Kushwaha, T., & Steenkamp, J-B. E.M. | Psychic distance and performance of MNCs during marketing crises | 2019 | Impact on shareholder value of 1,451 international marketing crises |