BEGIN:VCALENDAR
PRODID:-//eluceo/ical//2.0/EN
VERSION:2.0
CALSCALE:GREGORIAN
BEGIN:VEVENT
UID:9e1af69d0ce5f1594f417330d2eea7ad
DTSTAMP:20240506T131550Z
SUMMARY:Vineet Bhagwat\, PhD\, George Washington University School of Busin
 ess
DESCRIPTION: \n\nA BIT GOES A LONG WAY: BILATERAL INVESTMENT TREATIES AND C
 ROSS-BORDER\nMERGERS\n\nWe examine whether an external governance mechanis
 m\, Bilateral\nInvestment Treaties (BITs)\, remove impediments to cross-bo
 rder mergers\nby protecting the property rights of foreign acquirers. We f
 ind that\nBITs have a large\, positive effect on cross-border mergers. The
 \nprobability and dollar volume of mergers between two given countries\nmo
 re than doubles after the signing of a BIT. Most of this increase is\ndriv
 en by deals flowing from developed economies to developing\neconomies. The
  effect of BITs is concentrated in target countries with\nmedium levels of
  political risk\, consistent with views that BITs are\nineffective for cou
 ntries with very high country risk and unnecessary\nfor countries with low
  country risk. Overall the results suggest that\nsome countries outsource 
 legal protection when institutions are not\nfully developed.\n\nRead more 
 [https://sites.google.com/site/vineetbhagwat/] about\nBhagwat.\n 
DTSTART:20171215T160000Z
DTEND:20171215T173000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 108\, Philadelphia\, PA
  19104
END:VEVENT
END:VCALENDAR