Meinshausen, Steffen; Schiereck, Dirk - In: International Review of Financial Analysis 20 (2011) 5, pp. 283-291
In this paper we examine the value implications of 192 M&A transactions in the fashion and leather accessories industry during the period from 1994 to 2009. Contrary to general cross-country evidence we find highly significant, positive abnormal returns to acquiring shareholders. Cross-sectional...