Český finanční a účetní časopis 2014(3):122-131 | DOI: 10.18267/j.cfuc.413

Cross-Border Mergers & Acquisitions Performance Measurement

Hoang Long Pham
Bc. Hoang Long Pham, MSc. - doktorand; Katedra financí a oceňování podniku, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <xphah01@vse.cz>.

Mergers and acquisitions (M&A) have been long attracted interest from academics. Especially the performance of cross-border mergers and acquisitions is a popular research topic in recent years. Researchers have come up with various criteria to evaluate M&A performance. There are inconclusive results on the literature on the consequences of cross border mergers and acquisitions (M&A) on corporate performance. This paper investigates and summaries the three most widely used measures of M&A financial performance, namely accounting-based measures, market models-based measures and managers' subjective assessments and its effects on the financial performance.

Keywords: Cross-border Merger and Acquisition; Performance measurement; Financial Performance.
JEL classification: G34

Published: October 1, 2014  Show citation

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Pham, H.L. (2014). Cross-Border Mergers & Acquisitions Performance Measurement. Czech Financial and Accounting Journal, 2014(3), 122-131. doi: 10.18267/j.cfuc.413
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