European Financial and Accounting Journal 2018, 13(4):59-71 | DOI: 10.18267/j.efaj.219

A Review of the European Union Countries on Cross-border Mergers and Acquisitions Market

Hoang Long Pham1, Petr Marek2
1 University of Economics, Prague, Faculty of Finance and Accounting, Department of Corporate Finance and Valuation, W. Churchill Sq. 4, 130 67 Prague 3, Czech Republic.
2 University of Economics, Prague, Faculty of Finance and Accounting, Department of Corporate Finance and Valuation, W. Churchill Sq. 4, 130 67 Prague 3, Czech Republic.

It is a well-known fact that the main objective of every corporation is to generate profits and enhance its shareholders' wealth. Corporate growth may be achieved either internally (through organic growth) or externally (through mergers and acquisitions). In parallel with global trends, corporate growth is achieved by cross-border mergers and acquisitions (M&As) that have increased dramatically in economies especially over the last few decades. It is also established that mergers and acquisitions come in waves - so far, six waves have been researched. The main aim of the presented paper is to analyse the activity of the European Union countries on the M&As market and to describe the main motives for cross-border M&As and how the performance of cross-merger M&As is measured.

Keywords: Cross-border Mergers and Acquisitions, Performance Measurement, Emerging Markets, Foreign Direct Investment
JEL classification: G39

Published: January 31, 2019  Show citation

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Pham, H.L., & Marek, P. (2018). A Review of the European Union Countries on Cross-border Mergers and Acquisitions Market. European Financial and Accounting Journal, 13(4), 59-71. doi: 10.18267/j.efaj.219
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