Navigating the storm: How the COVID-19 pandemic transformed the M&A landscape

Haowen Tian and Junkai Wang

Finance Research Letters, 2024, vol. 59, issue C

Abstract: This study employs a DiD design to investigate the influence of the COVID-19 pandemic on corporate M&A decisions and performance. Findings suggest that the uncertainty caused by the pandemic has heightened the challenges associated with making merger decisions. Companies have adopted a more cautious approach, leading to a reduction in the number of M&A transactions. Additionally, these M&A events have exhibited more significant stock market returns. This research expands upon previous studies examining the economic impacts of the COVID-19 pandemic and the factors influencing corporate M&A. It offers valuable insights for corporate managers, investors, and regulatory authorities.

Keywords: Chinese study; COVID-19; Merger and acquisitions (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323012060

DOI: 10.1016/j.frl.2023.104834

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