Titre : |
Is it possible to determine the sucess or the failure of a merger & aquisition ? |
Type de document : |
Mémoire |
Auteurs : |
Guillaume BRUN, Auteur |
Année de publication : |
2022 |
Importance : |
28 p. |
Note générale : |
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Langues : |
Anglais (eng) |
Mots-clés : |
Management FUSION ACQUISITION ; RATIO FINANCIER ; STATISTIQUE
|
Résumé : |
In a globalised economy where the competition is increasingly fierce, Mergers & Acquisitions not only become a critical element for the development of companies but also more complicated to evaluate. This dissertation aims to determine if this is possible to determine the success or the failure of Mergers & Acquisitions analysing the performance of the companies.The majority of studies focus on a specific country to scrutinize these complex operations basing their investigations on a couple of indicators only. A minority of them investigated operations that occurred in the 2010s. That is the reason why our analysis is conducted on thirty-one European companies acquired in 2015 or 2016 and uses eight accounting metrics.Our findings show that Mergers & Acquisitions slightly deteriorate the operational performance of the target companies, but the results were highly statistically non-significant. It is therefore not possible to evaluate the success or the failure of Mergers & Acquisitions. |
Programme : |
MSc Corporate Finance |
Permalink : |
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