...Kasyoka Magdalene Wilson; Désiré Vencatachellum Purpose Since the attainment of fully fledged democracy in 1994, South Africa witnessed a substantial increase in both the number and the value of completed mergers and acquisitions (M&As) targeting South African firms. In spite...

...Krishna Reddy; Muhammad Qamar; Noel Yahanpath Purpose The purpose of this paper is to study whether mergers and acquisitions (M&As) create value in Indian and Chinese markets. Design/methodology/approach The authors study abnormal returns (AR) created by the acquiring firms in Indian...

...Won-Seok Woo; Suhyun Cho; Kyung-Hee Park; Jinho Byun Purpose This paper aims to investigate the causes of mergers and acquisitions (M&A) deals that acquiring firms pay excess premium beyond the market-expected level and examine the relation between the announcement return and long-term...

... to capital shocks tend to manage available financial resources more efficiently and make better acquisition decisions that lead to greater value creation. Mergers and acquisitions Announcement-period CARs Capital shock Junk bond market Post-merger operating and stock performance G34 G32...