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Post-Acquisition Operating Performance of Acquiring Firms following Cross-Border Mergers and Acquisitions

Author

Listed:
  • Aamir Khan

    (Groupe de Recherche en Droit, Economie, Gestion (GREDEG), Université Côte d’Azur, 06000 Nice, France)

  • David Kalisz

    (Management Department, Paris School of Business, 75013 Paris, France)

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.

Suggested Citation

  • Aamir Khan & David Kalisz, 2024. "Post-Acquisition Operating Performance of Acquiring Firms following Cross-Border Mergers and Acquisitions," Economies, MDPI, vol. 12(7), pages 1-14, July.
    • Handle: RePEc:gam:jecomi:v:12:y:2024:i:7:p:172-:d:1428955
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    References listed on IDEAS

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