Bley, Jorg; Madura, Jeff - In: Journal of Economics and Finance 27 (2003) 3, pp. 373-395
We empirically test the valuation effects of European M&A announcements on rivals within the target's country (intra-industry effects) and on other European rivals (inter-country effects), for the period of 1996 to 1999. We find evidence of inter-country effects that has not previously been...