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Title: M&AS, Economic performance and international orientation of the greek acquiring listed firms at a long-run perspective
Authors: Pazarskis, Michail 
Sykianakis, Nicos 
Sotiropoulos, Ioannis 
Diakomihalis, Mihail Ν. 
Keywords: Επιχειρήσεις--Ελλάδα;Business enterprises--Greece;Συγκέντρωση και συγχώνευση εταιρειών;Consolidation and merger of corporations;Κέρδος--Λογιστική;Profit—Accounting
Issue Date: 2013
Abstract: This paper examines empirically the impact of M&As on the post-merger economic performance of Greek merger-involved firms at a long-run perspective and in accordance to their international orientation (domestic or international M&As). Τhe post-merger economic performance of an extensive sample of Greek acquiring listed firms is investigated with accounting data analysis. For the purpose of the study, two profitability ratios (ROA, ROE) are employed, in order to measure firms’ post-merger economic performance. The received results revealed that there is no significant change of any examined variable in the post-merger performance at the sample firms. Furthermore, concerning firms’ international orientation, the ratio results are combined with their decision for an international M&As or not. From this point of view, the research revealed that there is no difference from the international orientation (domestic or international M&As) for the acquiring firms of the research sample at none of the two examined accounting ratio. Key words: mergers; acquisitions; financial ratios; post-merger
ISSN: 2229-6158
Appears in Collections:Δημοσιεύσεις σε Περιοδικά

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