An accounting comparison of the post-merger economic performance of Greek acquiring listed firms in domestic versus international M&As at Southeast Europe Online publication date: Wed, 08-Apr-2015
by Konstantinos Agorastos, Michail Pazarskis, Theofanis Karagiorgos
International Journal of Trade and Global Markets (IJTGM), Vol. 4, No. 3, 2011
Abstract: This study examines the impact of M&As on the economic performance of merger-involved firms in Greece at domestic and international M&As using accounting data (financial ratios). The post-merger performance of a sample of acquiring listed firms involved in domestic M&As is compared with an equivalent sample of firms with similar characteristics involved in international M&As. The results revealed in general that the international M&As have provided a better post-merger economic performance for the acquiring firms than the domestic M&As, and in contrast to the general economic performance of all listed firms in this period also have had a superior performance.
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