Lowinski, Felix; Schiereck, Dirk; Thomas, Thomas W. - In: Review of Quantitative Finance and Accounting 22 (2004) 4, pp. 315-330
We analyze the wealth effects of 114 domestic and international acquisitions announced by Swiss corporations between 1990 and 2001. We find no difference between national and cross-border mergers. This may indicate that the international capital markets are highly integrated and is in contrast...
