Title: Cross-border acquisitions and financial failure of UK firms (2008-2013)

Authors: Nour Adel

Addresses: Corpus Christi College, University of Cambridge, Cambridge, UK

Abstract: This study examines the financial failure of UK cross-border acquirers between 2008 and 2013. The researcher investigates acquirers' financial failure using two financial models. Based on a sample of manufacturing and non-manufacturing firms, the research explores the financial health of acquirers over three years starting from the date they announce the deals. The main findings confirm that most of firms suffer from financial instability after announcing their cross-border deals and that according to both models. These findings are consistent with those of other studies; which also demonstrate difficulties experienced when undertaking cross-border deals, and that due to differences in law, rules and cultures between the host and the home countries.

Keywords: cross-border acquisitions; financial failure; UK acquirers; manufacturing firms; non-manufacturing firms.

DOI: 10.1504/IJMP.2020.10029571

International Journal of Management Practice, 2020 Vol.13 No.4, pp.419 - 436

Accepted: 13 Jun 2019
Published online: 08 Jul 2020 *

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