Short-term market reaction vs. Long-term performance: a comparative study of cross-border and domestic M & A by Chinese firms
In this paper, we examine 1437 merger and acquisition (M&A) events that took place between 2015 and 2019 in China, comparing the short-term stock return performance of domestic and cross-border M&A. After that, we further compare the long-term market performance of domestic versus cross-border M&A transactions and investigate the impact of firm-specific and market-related factors on on
