Despite fleeing from risky activities and scrambling for cash, banks have maintained high level of M&A activity throughout the latest financial crisis. Low prices may explain in part the appetite for acquisitions, but the outcome of these deals remains highly uncertain and success relies on an...

In today's globalized economy, being successful in an industry almost necessarily implies an international approach of doing business. Restricting one’s economic activities to the domestic market will ultimately lead to disadvantages in comparison to multinational companies which are able to...