Post-Acquisition Operating Performance of Acquiring Firms following Cross-Border Mergers and Acquisitions

Aamir Khan and David Kalisz ()
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Aamir Khan: Groupe de Recherche en Droit, Economie, Gestion (GREDEG), Université Côte d’Azur, 06000 Nice, France
David Kalisz: Management Department, Paris School of Business, 75013 Paris, France

Economies, 2024, vol. 12, issue 7, 1-14

Abstract: This study investigates the firms’ performance following cross-border mergers and acquisitions (M&As) from 2000 to 2022, employing the generalized method of moments (GMM) technique within the French context. Grounded in the theories of organizational learning and the institutional-based view, the empirical findings reveal that acquiring firms exhibit an improved long-term performance after engaging in cross-border M&A deals. Additionally, acquisition experience and industry relatedness significantly enhance the firms’ performance. Institutional quality and cultural similarity are also found to positively moderate the impact of cross-border M&As on firms’ performance.

Keywords: mergers and acquisitions (M&As); acquisition experience; industry relatedness; institutional quality; cultural similarity; GMM (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:12:y:2024:i:7:p:172-:d:1428955

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