Renze‐Westendorf, Martin; Schiereck, Dirk; Zeidler, Felix - In: Management Research: Journal of the Iberoamerican … 7 (2009) 2, pp. 127-140
We study the wealth effects of 177 domestic and cross‐border acquisitions announced by Spanish corporations between 1990 and 2004. Our findings show that domestic transactions significantly outperform international transactions. However, controlling for several firm and transaction...