The Impact of Cross-Border M&As on Target Company Performance: Evidence from Turkey

Elif Akben-Selçuk ()
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Elif Akben-Selçuk: Bogaziçi University
Authors registered in the RePEc Author Service: Elif Akben Selçuk ()

Economics Bulletin, 2008, vol. 13, issue 5, pages 1-9

Abstract: This study investigates the changes in the performance of Turkish companies which were the target of acquisitions by foreign companies. Pre-acquisition and post-acquisition accounting ratios are compared by parametric t-tests. The results show an insignificant decline in the ratios. We conclude that the cross-border M&As examined in this study did not create synergy or improved the performance of target companies involved.

JEL-codes: M0 (search for similar items in EconPapers)
Date: 2008-09-20
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