Mergers in Greece: evaluation of the merger related performance of greek companies, accounting based methodology
| dc.contributor.advisor | Τσαγκαράκης, Νικόλαος | |
| dc.contributor.author | Ζούτσου, Ρούλα | |
| dc.date.accessioned | 2015-09-01T16:49:45Z | |
| dc.date.available | 2015-09-01T16:49:45Z | |
| dc.date.issued | 2001-05 | |
| dc.identifier.uri | https://dione.lib.unipi.gr/xmlui/handle/unipi/7068 | |
| dc.format.extent | 103 | el |
| dc.language.iso | en | el |
| dc.publisher | Πανεπιστήμιο Πειραιώς | el |
| dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
| dc.subject | Consolidation and merger of corporations -- Greece | el |
| dc.subject | Εταιρείες -- Ενοποίηση και συγχώνευση | el |
| dc.title | Mergers in Greece: evaluation of the merger related performance of greek companies, accounting based methodology | el |
| dc.type | Master Thesis | el |
| dc.contributor.department | Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής | el |
| dc.identifier.call | 338.83 ZOΥ | el |
| dc.description.abstractEN | This paper evaluates the financial results of 23 Greek merger transactions that were completed between 1993 and 1998 using the accounting based methodology. A set of 20 performance ratios is examined for a period of 5 years to get an indication of the mean weighted industry- adjusted performance difference between the pre- to post-merger period. Additionally, a cross-sectional analysis is performed to conclude on whether special characteristics of the merger participants are associated with improved post-merger performance. Profitability appears largely unaffected by merger activity. On a stand-alone basis, merged firms experience a bad profit record in the post-merger period. Merger participants' characteristics seem to be highly correlated with performance improvements. Large performance differences between acquirer and target are highly associated with improved post-merger performance of the new consolidated company. Fast-growing, efficient, profitable acquirers and low performance targets are related to increased post-merger weighted industry- adjusted performance. Absolute and relative size of the merger participants does not seem to be associated with merger outcomes. | el |
| dc.contributor.master | Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική και Τραπεζική Διοικητική | el |
Αρχεία σε αυτό το τεκμήριο
Αυτό το τεκμήριο εμφανίζεται στις ακόλουθες συλλογές
-
Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής
Department of Banking & Financial Management
Εκτός από όπου διευκρινίζεται διαφορετικά, το τεκμήριο διανέμεται με την ακόλουθη άδεια:
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές