@article{2010:bednarczyk:crossbord,
title = {Cross-border acquisitions and shareholder wealth: Evidence from the energy industry in Central and Eastern Europe},
year = {2010},
note = {We look at the wealth generated for shareholders of energy assets in
Central and Eastern Europe (CEE) by the announcement of cross-border
mergers or acquisitions involving a bidder from a Western
industrialized country between 1995 and 2005. The impact on both the
performance improvements at the firm level as well as on an industry
and economic level of foreign ownership of the energy assets in CEE
are discussed. The main driver behind the positive effect is the
industrial relatedness in acquiring CEE energy assets, while bidder
experience and the relative size of the acquired stake do not impact
the results significantly.},
journal = {JEEMS Journal of East European Management Studies},
pages = {106--127},
author = {Bednarczyk, Tomasz P. and Schiereck, Dirk and Walter, Hendrik N.},
volume = {15},
number = {2}
}