Data for: The Impact of Fintech M&A on Stock Returns

Published: 11 February 2019| Version 1 | DOI: 10.17632/t84rs5gfmr.1
Contributors:
Yury Dranev,
Elena Ochirova,
Ksenia Frolova

Description

Technological development plays a crucial role in financial sector by allowing firms to create value in a rapidly changing environment. The acquisitions of firms related to financial technologies (fintech) is one of the ways to obtain vital knowledge. By examining the growing role of fintech companies in the recent mergers and acquisitions (M&A) from an investor point of view, this paper contributes to the existing literature by investigating the post-acquisition performance of the acquirer firms measured by abnormal returns. We discovered significant positive abnormal return in the short-term and negative return in the long-term using event study methodology. The specifics of cross-border acquisitions, the level of the domestic market development of the acquirer, and other characteristics of M&A deals are considered in order to explain the reaction of investors to announcements of fintech firms’ acquisitions. The determinants of corresponding M&A deals on emerging and developed markets were revealed. The data supports the findings of the paper.

Files

Categories

Corporate Finance, International Financial Market, Empirical Finance

License