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| Elif Akben-Selçuk |
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| ''The Impact of Cross-Border M&As on Target Company Performance: Evidence from Turkey'' |
| ( 2008, Vol. 13 No.5 ) |
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| This study investigates the changes in the performance of Turkish companies which were the target of acquisitions by foreign companies. Pre-acquisition and post-acquisition accounting ratios are compared by parametric t-tests. The results show an insignificant decline in the ratios. We conclude that the cross-border M&As examined in this study did not synergy or improved the performance of target companies involved. |
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| Manuscript Received : Jul 24 2008 | | Manuscript Accepted : Sep 20 2008 |
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