文章基本信息

标题：THE DOMESTIC AND FOREIGN INVESTORS TAKEOVER BID DECISION: CASE OF ROMANIA
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作者：Brad, Laura ; Ciobanu, Radu ; Munteanu, Anca 等
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2013
卷号：XX
期号：Special I
页码：131-137
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：The aim of this study is to identify whether foreign and domestic investors have different interests when it comes to acquiring a company. Our database consists of all takeover bids on the Romanian capital market made between 2004 and 2011.The results of our analysis show that while domestic investors look after a quick and profitable business, the foreigners search for long sustainability and long-term profitability elements than can influence the audited process and the way financing is obtained. Another main finding is that domestic investors focus their capital on companies in services or food and agriculture industries while the foreign investors are looking for obtaining profit by investing in companies from industry or construction areas.
关键词：takeover bid; domestic investor; foreign investor; performance.