Transgraniczne fuzje i przejęcia drogą wzrostu wartości przedsiębiorstwa?
Are the cross-border mergers and acquisitions the way of increasing the value of the firm?
The analysis of the cross-border consolidation processes from the point of view of their value management is the main subject of this study. Outer restructuring which may consist, among others, in selling or acquisition of the other target and using the financial engineering instruments, is one of the possible way of the enterprises value creating. The problems connected with both merger and acquisition activity which have especially increased in recent years and their influence on the value of company were shown. Moreover, the aim of this study is to indicate the factors which make that not each merger and acquisition cause increase in the value of companies involved in these processes.