“…The type of M&A is separated into two groups: domestic M&As and crossborder M&As. Because this information is not given in all the studies included in the meta-analysis, 12 out of 35 samples had to be excluded from this moderator analysis (Asimakopoulos & Athanasoglou, 2013;Bouzgarrou & Navatte, 2012;Gleason, McNulty, & Pennathur, 2005;Kengelbach, Roos, & Klemmer, 2013;Kirchhoff & Schiereck, 2011;Kirchhoff et al, 2006;Laabs, 2009;Lehn & Zhao, 2006;Lensink & Maslennikova, 2008;Masulis & Mobbs, 2011;Pauser, 2007;Sears & Hoetker, 2014).…”