Cross-border M&As and Performance: Empirical Evidence

Ottorino Morresi () and Alberto Pezzi

Chapter Chapter 3 in Cross-border Mergers and Acquisitions, 2014, pp 137-189 from Palgrave Macmillan

Abstract: Abstract One of the most interesting, intriguing, and puzzling questions raised by the literature on cross-border M&As is whether these deals are associated with improved market- and accounting-based performance of the firms involved in the transaction. A large number of contributions have tried to answer the question with mixed, and at times unclear, results. This section proposes a critical discussion of the main evidence that has emerged by analyzing papers and manuscripts published over the last 30 years. The purpose is to build an integrated framework that may explain (1) the outcomes of these deals, (2) the conditions that make a cross-border deal either a successful or a failed transaction, and (3) those who benefit the most from these deals.

Keywords: Corporate Governance; Abnormal Return; Cultural Distance; Strategic Management Journal; International Business Study (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-35762-5_3

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DOI: 10.1057/9781137357625_3

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