Bessler, Wolfgang; Steenbeek, Hidde; Westerman, Wim - In: The Central European Review of Economics and Management … 3 (2019) 4, pp. 7-51
Aim: In this study, we examine the changes in default risk of the bidder over the course of a merger or acquisition. The data set consists of 531 deals in which the acquirers are European firms. We employ a general set of determinants to analyse the change in default risk and extend the...