The Economic Impact of Cross-border M & A on Automobile Industry

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This study empirically investigates the post預cquisition performance of both acquiring and acquired firms by sa. mpling automobile and electronics firms in East Asia. The following results were derived from the analyses. First, the market-to-book ratio of acquirers and the return on assets(ROA) percentage of acquired firms increase after the a. cquisitions. This improvement is even more remarkable when the deal is a cross-border acquisition. The results also indicate that post預cquisition performance is boosted when the acquirer and acquired firm belong to close industrial categories. In summary, many acquisitions improve corporate performance and the probability of heightened performance increases when the above requirements are met.