Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/329098 
Year of Publication: 
2024
Citation: 
[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 12 [Issue:] 7 [Article No.:] 172 [Year:] 2024 [Pages:] 1-14
Publisher: 
MDPI, Basel
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.
Subjects: 
acquisition experience
cultural similarity
GMM
industry relatedness
institutional quality
mergers and acquisitions (M&As)
JEL: 
F23
G34
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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