Detailed Information on Publication Record
2015
Impact of Mergers of Czech Companies on their Profitability and Returns
VALOUCH, Petr, Jaroslav SEDLÁČEK and Maria KRÁLOVÁBasic information
Original name
Impact of Mergers of Czech Companies on their Profitability and Returns
Authors
VALOUCH, Petr (203 Czech Republic, guarantor, belonging to the institution), Jaroslav SEDLÁČEK (203 Czech Republic, belonging to the institution) and Maria KRÁLOVÁ (203 Czech Republic, belonging to the institution)
Edition
Ekonomický časopis, SAP - Slovak Academic Press, 2015, 0013-3035
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50206 Finance
Country of publisher
Slovakia
Confidentiality degree
není předmětem státního či obchodního tajemství
Impact factor
Impact factor: 0.606
RIV identification code
RIV/00216224:14560/15:00080929
Organization unit
Faculty of Economics and Administration
UT WoS
000358389800005
Keywords in English
mergers; earnings after taxes; return on assets; return on equities; effects of mergers; statistical tests
Tags
International impact, Reviewed
Změněno: 26/2/2018 12:33, Ing. Petr Valouch, Ph.D.
Abstract
V originále
The aim of this paper is to assess whether mergers of companies in the Czech Republic affect the profitability and returns of merged companies in the period of three years after the merger. The analysis is based on a sample of over 300 Czech companies implementing mergers in 2001 – 2010. This sample was created using data from the Trade Bulletin and Trade Register of the Czech Republic. The analysis used basic statistical tests verifying the statistical significance of the particular explored indicators of merging and merged companies three years after the merger in relation to the same indicators at the moment of merger. The explored indicators were net earnings after taxes (EAT), return on assets (ROA) and return on equities (ROE). The period of three years after the merger was chosen due to the reduced influence of some accounting methods requiring revaluation or exclusion of some assets from the balance sheet of the merged company.
Links
| GAP403/11/0447, research and development project |
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