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Pregled bibliografske jedinice broj: 715384

The impact of M&A on company performance: evidence from Croatia


Pervan, Maja; Višić, Josipa; Barnjak Kristina
The impact of M&A on company performance: evidence from Croatia // Procedia economics and finance, 23 (2015), 1451-1456 (međunarodna recenzija, članak, znanstveni)


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Naslov
The impact of M&A on company performance: evidence from Croatia

Autori
Pervan, Maja ; Višić, Josipa ; Barnjak Kristina

Izvornik
Procedia economics and finance (2212-5671) 23 (2015); 1451-1456

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
M&A ; performance ; target companies ; Croatia

Sažetak
Mergers and acquisitions (M&A) represent very popular form of corporate development and in the recent years their importance and value have reached enormous proportions. One of the main reasons why companies involve in M&A activities is to improve their performance. However, empirical studies yield inconsistent results regarding this issue. While some studies reported beneficial influence of M&A on companies' success, the others found this influence to be neutral or even negative. Furthermore, the majority of studies analysed M&A activity in USA and UK, therefore this paper aims to detect the consequences of M&A on the performance of companies operating within under-researched European area i.e. Croatia. The analysis was conducted on Croatian companies that were involved in M&A activity in period from 2008 to 2011. All data for the analysis were gathered from FINA, Amadeus and Zephyr database. The obtained results clearly indicated statistically insignificant differences in target companies' performances before and after M&A activity. The same results, i.e. statistically insignificant differences, were obtained even when performance of target companies (after acquisition) was compared to the peer companies which were selected in order to control for industry, size and pre-event performance. Finally, the results showed that despite the growing influence of foreign investors in Croatian economy, the majority of M&A activity was carried out by Croatian companies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Članak je indeksiran u Web of Science (WoS) bazi podataka



POVEZANOST RADA


Projekti:
055-0551147-1105 - Utjecaj pridruživanja RH europskoj uniji na profitabilnost hrvatskih poduzeća (Pavić, Ivan, MZOS ) ( CroRIS)

Ustanove:
Ekonomski fakultet, Split

Profili:

Avatar Url Josipa Višić (autor)

Avatar Url Maja Pervan (autor)

Citiraj ovu publikaciju:

Pervan, Maja; Višić, Josipa; Barnjak Kristina
The impact of M&A on company performance: evidence from Croatia // Procedia economics and finance, 23 (2015), 1451-1456 (međunarodna recenzija, članak, znanstveni)
Pervan, M., Višić, J. & Barnjak Kristina (2015) The impact of M&A on company performance: evidence from Croatia. Procedia economics and finance, 23, 1451-1456.
@article{article, author = {Pervan, Maja and Vi\v{s}i\'{c}, Josipa}, year = {2015}, pages = {1451-1456}, keywords = {M and A, performance, target companies, Croatia}, journal = {Procedia economics and finance}, volume = {23}, issn = {2212-5671}, title = {The impact of M and A on company performance: evidence from Croatia}, keyword = {M and A, performance, target companies, Croatia} }
@article{article, author = {Pervan, Maja and Vi\v{s}i\'{c}, Josipa}, year = {2015}, pages = {1451-1456}, keywords = {M and A, performance, target companies, Croatia}, journal = {Procedia economics and finance}, volume = {23}, issn = {2212-5671}, title = {The impact of M and A on company performance: evidence from Croatia}, keyword = {M and A, performance, target companies, Croatia} }

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • SCI-EXP, SSCI i/ili A&HCI





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