Cross-Border Mergers and Acquisitions ─ UK Dimensions

Cross-border mergers and acquisitions (CBM&As) activity continues to excite interest among academics and practicing managers, and has become an important vehicle for firms’ internationalization and corporate restructuring over the past three decades. Despite the huge volume of global CBM&A activity, however, there are few books that carefully explore the strategies, motives, and consequences of global mergers and acquisitions.

This book discusses and synthesizes the theoretical literature on the motivation and performance of international merger activities. The authors identify the firm level factors that underpin managers’ decisions to undertake CBM&A activities. Macroeconomic influences on mergers and acquisitions are analyzed empirically, and both the short-run and long-run performance of CBM&As are examined from the financial standpoint.

A key feature of this book is that it has been written in the context of UK, which has been both the top acquiring nation as well as one of the top target nations in the world, though it remains outside the Euro Zone. This book explores and sheds much-needed light on the UK CBM&A market, what drives it, and what lessons can be learned for other regions around the globe.

Agyenim Boateng is Associate Professor of Finance at the Nottingham University Business School Ningbo, China.

Muhammad Moshfique Uddin is a Lecturer in Accounting and Finance at the University of York, UK.