Mergers and Default Risk: Explaining the Change in Default Risk of Swedish Acquirers
The purpose of this thesis is to examine the impact of mergers on the acquirers’ default risk for a sample of Swedish companies during the period of 2002–2011. In order to establish that we will study the changes in default risk, as measured under the Merton framework (1974) pre- and post-merger and analyse the effects of a number of different explanatory variables on these risk changes. Our study