All

What are you looking for?

All
Projects
Results
Organizations

Quick search

  • Projects supported by TA ČR
  • Excellent projects
  • Projects with the highest public support
  • Current projects

Smart search

  • That is how I find a specific +word
  • That is how I leave the -word out of the results
  • “That is how I can find the whole phrase”

Assessment of the Performance of Mergers: Revisiting Results after a Prolonged Period

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F21%3APU139322" target="_blank" >RIV/00216305:26510/21:PU139322 - isvavai.cz</a>

  • Result on the web

    <a href="https://www.shs-conferences.org/articles/shsconf/abs/2021/03/shsconf_glob20_07048/shsconf_glob20_07047.html" target="_blank" >https://www.shs-conferences.org/articles/shsconf/abs/2021/03/shsconf_glob20_07048/shsconf_glob20_07047.html</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1051/shsconf/20219207047" target="_blank" >10.1051/shsconf/20219207047</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Assessment of the Performance of Mergers: Revisiting Results after a Prolonged Period

  • Original language description

    Research background: Mergers and acquisitions (M&As) have become a widespread tool for business growth strategy. Considering the developments after the previous financial crisis, a fresh wave of M&As is expected to appear in the near future. Investors will look for suitable businesses to consolidate their market position. Purpose of the article: The aim of this work is to assess the performance of completed mergers over a period of five years and compare the results with previous research in which we examined the success of mergers over a threeyear period. Our goal was to find out if any differences in performance indicators occur and if these differences are significant. The results may offer potential indicators of merger success rate prediction. Methods: We focused our research on mergers of private companies (i.e. not publicly traded companies) in the Czech Republic. Our research sample contained 50 completed mergers. The mergers were divided into two groups – successful and unsuccessful – according to the sales and profit of the merged company. We calculated financial indicators for each group based on accounting data. We then used the Mann-Whitney U test to test the significance of the differences between the indicator values. Findings & value added: Several important performance indicators emerged. The most significant included production consumption to sales, the material cost to sales, receivables to sales, assets turnover and profitability ratios. The ratio labour cost to sales was replaced with the ratio value added to labour cost. Our research concludes that these indicators can be considered crucial.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

  • OECD FORD branch

    50206 - Finance

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2021

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    The 20th International Scientific Conference Globalization and its Socio-Economic Consequences 2020

  • ISBN

  • ISSN

    2261-2424

  • e-ISSN

  • Number of pages

    10

  • Pages from-to

    1-10

  • Publisher name

    EDP Sciences

  • Place of publication

    Žilina

  • Event location

    Žilina, SK

  • Event date

    Oct 21, 2020

  • Type of event by nationality

    EUR - Evropská akce

  • UT code for WoS article