Essays on Informational Asymmetries in Mergers and Acquisitions
This thesis covers issues related to financing in mergers and acquisitions. It studies the relationship between firms’ financing conditions and firms’ decisions to either buy or sell assets.The first paper, Cross-border mergers and acquisitions with financially constrained owners, studies the effects of costly external financing in international asset sales. We propose a cross-border merger model This thesis covers issues related to financing in mergers and acquisitions. It studies the relationship between firms’ financing conditions and firms’ decisions to either buy or sell assets.The first paper, "Cross-border mergers and acquisitions with financially constrained owners", studies the effects of costly external financing in international asset sales. We propose a cross-border merger mode