Comparative Analysis of Performance of International and Domestic Mergers and Acquisitions of Emerging Market Companies

Student: Bumbar Taras

Educational Programme: Economics (Bachelor)

Final Grade: 8

Year of Graduation: 2017

Comparative analysis of M&A performance in emerging markets is a highly relevant topic of research. This study is focused on performance of domestic and cross-border M&A in developing capital markets and presents comparative analysis of these two types. The research covers a period of 2008-2016 which allows for comparison of M&A types during and after the recession. Based on a sample of 719 M&A including 176 cross-border deals we found that domestic M&A create more value for acquiring companies in emerging capital markets. We also conclude that M&A performance is influenced by the type of target company's country. With regards to domestic mergers and acquisitions we found three significant determinants: payment method, compatibility of target's and acquirer's industry and size of the acquirer.

Full text (added May 11, 2017)

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