Does the Experience of the Acquiror Payoff? Evidence from Italian Inbound Cross-Border M&A

This thesis conducts an empirical analysis of inbound cross-border mergers and acquisitions (M&A) in Italy, focusing on factors influencing target performance measured by the average EBITDA from three years before to three years after the acquisition. The study examines the impact of the acquirer's prior M&A experience, particularly considering the countries of origin and destination, and macro industry sector, to gain possible insights about the importance of experience in such operations.