Cross-border Mergers and Acquisitions [electronic resource] : Theory and Empirical Evidence /
Morresi, O.author.
Pezzi, A.author.
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.
Description based upon print version of record.
Cover; Contents; List of Figures; List of Tables; Preface; Acknowledgments; 1 The M&A Phenomenon; 2 Cross-border M&As: Theory and Strategic Process; 3 Cross-border M&As and Performance: Empirical Evidence; 4 Cross-border M&As and Stock Market Performance: Evidence from Medium-Sized US and European Firms; Index
Includes bibliographical references at the end of each chapters and index.
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.
International economics.
Finance.
Corporations—Finance.
Economic theory.
Organization.
Planning.
Macroeconomics.
International Economics.
Finance, general.
Corporate Finance.
Economic Theory/Quantitative Economics/Mathematical Methods.
Organization.
Macroeconomics/Monetary Economics//Financial Economics.