Mergers and accounting performance: Some evidence from Greece during the economic crisis
The study examines the impact of mergers on the accounting performance of merger-involved firms in Greece. The study analyses four basic profitability ratios from financial statements of a sample of sixty Greek listed firms at the Athens Exchange that executed as acquirers’ one merger in the period...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Bucharest University of Economic Studies
2018-03-01
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| Series: | Contabilitate şi Informatică de Gestiune |
| Subjects: | |
| Online Access: | http://cig.ase.ro/jcig/art/17_1_2.pdf |
| _version_ | 1819036839997079552 |
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| author | Michail Pazarskis George Drogalas Andreas Koutoupis |
| author_facet | Michail Pazarskis George Drogalas Andreas Koutoupis |
| author_sort | Michail Pazarskis |
| collection | DOAJ |
| description | The study examines the impact of mergers on the accounting performance of merger-involved firms in Greece. The study analyses four basic profitability ratios from financial statements of a sample of sixty Greek listed firms at the Athens Exchange that executed as acquirers’ one merger in the period a ten-year-period (2005-2014). In order to measure firms’ accounting performance, comparisons of pre- and post-merger firm profitability are examined for one year before and after the merger events (with data analysis from 2004 to 2015). The results revealed that mergers have had a negative impact on profitability and, in general, on accounting performance of the merger-involved firms. Furthermore, the study investigates the impact of the economic crisis on the success of mergers in Greece. There is evidence there is also a negative effect on accounting performance after mergers during the period of the economic crisis in Greece. |
| first_indexed | 2024-12-21T08:11:54Z |
| format | Article |
| id | doaj.art-f8c2772104484630b606fb3d1dba99fe |
| institution | Directory Open Access Journal |
| issn | 1583-4387 2559-6004 |
| language | English |
| last_indexed | 2024-12-21T08:11:54Z |
| publishDate | 2018-03-01 |
| publisher | Bucharest University of Economic Studies |
| record_format | Article |
| series | Contabilitate şi Informatică de Gestiune |
| spelling | doaj.art-f8c2772104484630b606fb3d1dba99fe2022-12-21T19:10:38ZengBucharest University of Economic StudiesContabilitate şi Informatică de Gestiune1583-43872559-60042018-03-01171314510.24818/jamis.2018.01002Mergers and accounting performance: Some evidence from Greece during the economic crisisMichail Pazarskis0George Drogalas1Andreas Koutoupis2T.E.I. of Central Macedonia, GreeceUniversity of Macedonia, GreeceT.E.I. of Thessaly, GreeceThe study examines the impact of mergers on the accounting performance of merger-involved firms in Greece. The study analyses four basic profitability ratios from financial statements of a sample of sixty Greek listed firms at the Athens Exchange that executed as acquirers’ one merger in the period a ten-year-period (2005-2014). In order to measure firms’ accounting performance, comparisons of pre- and post-merger firm profitability are examined for one year before and after the merger events (with data analysis from 2004 to 2015). The results revealed that mergers have had a negative impact on profitability and, in general, on accounting performance of the merger-involved firms. Furthermore, the study investigates the impact of the economic crisis on the success of mergers in Greece. There is evidence there is also a negative effect on accounting performance after mergers during the period of the economic crisis in Greece.http://cig.ase.ro/jcig/art/17_1_2.pdfmergersaccounting performancefinancial ratioseconomic crisis |
| spellingShingle | Michail Pazarskis George Drogalas Andreas Koutoupis Mergers and accounting performance: Some evidence from Greece during the economic crisis Contabilitate şi Informatică de Gestiune mergers accounting performance financial ratios economic crisis |
| title | Mergers and accounting performance: Some evidence from Greece during the economic crisis |
| title_full | Mergers and accounting performance: Some evidence from Greece during the economic crisis |
| title_fullStr | Mergers and accounting performance: Some evidence from Greece during the economic crisis |
| title_full_unstemmed | Mergers and accounting performance: Some evidence from Greece during the economic crisis |
| title_short | Mergers and accounting performance: Some evidence from Greece during the economic crisis |
| title_sort | mergers and accounting performance some evidence from greece during the economic crisis |
| topic | mergers accounting performance financial ratios economic crisis |
| url | http://cig.ase.ro/jcig/art/17_1_2.pdf |
| work_keys_str_mv | AT michailpazarskis mergersandaccountingperformancesomeevidencefromgreeceduringtheeconomiccrisis AT georgedrogalas mergersandaccountingperformancesomeevidencefromgreeceduringtheeconomiccrisis AT andreaskoutoupis mergersandaccountingperformancesomeevidencefromgreeceduringtheeconomiccrisis |