Οι συγχωνεύσεις και οι εξαγορές ως επιχειρησιακές στρατηγικές

Σταμάτη, Αικατερίνη

Megers and acquisitions as business strategies

Master Thesis

Author

Σταμάτη, Αικατερίνη

Date

2015-10

Abstract

There is a great range of business goals and strategic decisions. Firms are supposed to make in each case the right strategic decision that will lead them to the best outcome and therefore, the maximum profit. Firms, for instance, have to decide upon how they will increase their market share or how they will achieve a capital expansion. In this context, firms may pursue business strategies such as mergers and acquisitions. These latter are in the core of the analysis of this dissertation. This dissertation is structured as following: We shall first rigorously define the concepts of mergers (M) and acquisitions (A) and discuss the main reasons that make them predominant business strategies. Within this discussion, we describe all the stages of a merger or an acquisition and also the necessary actions that should follow any agreement of this kind. We aspire to present here an evaluation of the performance and the efficiency of a strategic development achieved via a merger or an acquisition and list the factors that contribute to either the success or failure. At the end of this first and theoretical part of this dissertation, we examine the implications of these strategies on the firm’s profits, stock price and dividend. In the second part, we focus on the case study of two big Greek shipping companies (Anek and Minoan Lines) and we present and discuss the results of the acquisition of one of these by a third company. We finally compare their financial position after the acquisition by using a number of standard financial ratios.

Postgraduate Studies Programme

Οικονομική και Επιχειρησιακή Στρατηγική

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Number of pages

118

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/9176

Collections

Τμήμα Οικονομικής Επιστήμης

Show full item record

Except where otherwise noted, this item's license is described as
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές