Cross-border Mergers and Acquisitions: Theory and Empirical Evidence

by O. Morresi, A. Pezzi

Overview

Since their explosion in the mid-1990s, mergers and acquisitions (M&As) have turned into a global phenomenon with growing prevalence. A large number of theoretical and empirical studies focus on cross-border deals from several perspectives, such as motives, strategic issues, and performance. Most books treat these studies as specific characteristics of M&As, paying little attention to the distinctive elements that differentiate them from domestic operations. In short, there is now a real need for a fresh review and categorization of cross-border deals. Cross-Border Mergers and Acquisitions is the first book to provide readers with a complete guide to understanding the main concepts, theories, and results driving cross-border M&As. Morresi and Pezzi present an original framework that ties together the growing body of theoretical and empirical studies on the topic. This work describes the relevance of the phenomenon in terms of its economical, geographical, and historical impact, and analyzes the market- and accounting-based performance of cross-border deals.

Product Details

ISBN-13:	9781349471744
Publisher:	Palgrave Macmillan US
Publication date:	12/18/2015
Edition description:	1st ed. 2014
Pages:	238
Product dimensions:	5.51(w) x 8.50(h) x (d)

About the Author

Ottorino Morresi is Assistant Professor of Finance at the University of Roma Tre, Italy. He has written and published several academic articles on corporate finance, corporate governance, and capital market issues.

Alberto Pezzi is Assistant Professor of Strategic Management at the University of Roma Tre, Italy. He has written several monographs and academic articles on strategic management process and corporate governance.

Table of Contents

Table of contents Chapter 1 – The M&A phenomenon Chapter 2 – Cross-border M&As: theory and strategic process Chapter 3 – Cross-border M&As and performance: empirical evidence Chapter 4 – Cross-border mergers and acquisitions and sk market performance: evidence from medium-sized US and European firms