Cross-Border M&A Value Creation in Emerging Markets – Evidence from Central and Eastern Europe
The main purpose of this study is to research whether cross-border M&A activity targeting CEE region have a positive impact on Western Europe companies. Domestic acquisitions within CEE are also being investigated with the aim to capture and compare the differences. This was assessed through the event study and excess value method on a sample of 77 deals during 2004 to 2014. The results reveal