Developmental Analysis of Mergers in the Czech Republic
2001–2009 from the Perspective of Ownership Structure

D 2012

Developmental Analysis of Mergers in the Czech Republic 2001–2009 from the Perspective of Ownership Structure

SEDLÁČEK, Jaroslav, Petr VALOUCH and Eva HÝBLOVÁ

Basic information

Original name

Developmental Analysis of Mergers in the Czech Republic 2001–2009 from the Perspective of Ownership Structure

Authors

SEDLÁČEK, Jaroslav (203 Czech Republic, guarantor, belonging to the institution), Petr VALOUCH (203 Czech Republic, belonging to the institution) and Eva HÝBLOVÁ (203 Czech Republic, belonging to the institution)

Edition

1. vyd. Porto, Recent Researches in Business & Economics - Proceedings of the 4th WSEAS World Multiconference on Economics, Business and Development (AEBD’12), p. 65-70, 6 pp. 2012

Publisher

WSEAS Press

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

printed version "print"

RIV identification code

RIV/00216224:14560/12:00065924

Organization unit

Faculty of Economics and Administration

ISBN

978-1-61804-102-9

Keywords in English

company transformations; mergers and acquisitions; foreign owners; domestic owners; regression and correlation analysis; macroeconomics environment;

Abstract

V originále

Economically spoken, a company is successful if it brings higher value for its owners. An increase in company value is connected with internal and external development of the business, often in the form of acquisitions and mergers. The subject of this paper is mergers of Czech companies which took place between 2001 and 2009. The study focuses on changes in the structure of ownership in particular quarters of the monitored period and the development in ownership relationships among participating entities. The analysis uses temporal series containing numbers of mergers and volumes of assets of participating entities. The results of the analysis have confirmed a slight increase in the number and volume of mergers implemented under foreign owners’ control in contrast to entities controlled by domestic owners. They have also identified waves of mergers within an annual cycle reflecting the timing of the decisive day and the preparation of the starting balance sheet as of the first day of a new accounting and taxation period. In the Czech conditions, mergers under foreign successor company control prevail, while mergers under domestic control have a negative trend in the monitored period. A positive development trend has been proved for mergers implemented under control by only one owner of all participating entities.

Links

GAP403/11/0447, research and development project

Name: Analýza daňových a účetních postupů při fúzích

Citovat

SEDLÁČEK, Jaroslav, Petr VALOUCH and Eva HÝBLOVÁ. Developmental Analysis of Mergers in the Czech Republic 2001–2009 from the Perspective of Ownership Structure. In Zejlko Panian. Recent Researches in Business & Economics - Proceedings of the 4th WSEAS World Multiconference on Economics, Business and Development (AEBD’12). 1st ed. Porto: WSEAS Press, 2012, p. 65-70. ISBN 978-1-61804-102-9.

@inproceedings{986543,
   author = {Sedláček, Jaroslav and Valouch, Petr and Hýblová, Eva},
   address = {Porto},
   booktitle = {Recent Researches in Business & Economics - Proceedings of the 4th WSEAS World Multiconference on Economics, Business and Development (AEBD’12)},
   edition = {1.},
   editor = {Zejlko Panian},
   keywords = {company transformations; mergers and acquisitions; foreign owners; domestic owners; regression and correlation analysis; macroeconomics environment;},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Porto},
   isbn = {978-1-61804-102-9},
   pages = {65-70},
   publisher = {WSEAS Press},
   title = {Developmental Analysis of Mergers in the Czech Republic 2001–2009 from the Perspective of Ownership Structure},
   year = {2012}
}

TY  - JOUR
ID  - 986543
AU  - Sedláček, Jaroslav - Valouch, Petr - Hýblová, Eva
PY  - 2012
TI  - Developmental Analysis of Mergers in the Czech Republic 2001–2009 from the Perspective of Ownership Structure
PB  - WSEAS Press
CY  - Porto
SN  - 9781618041029
KW  - company transformations
KW  - mergers and acquisitions
KW  - foreign owners
KW  - domestic owners
KW  - regression and correlation analysis
KW  - macroeconomics environment;
N2  - Economically spoken, a company is successful if it brings higher value for its owners. An increase in company value is connected with internal and external development of the business, often in the form of acquisitions and mergers. The subject of this paper is mergers of Czech companies which took place between 2001 and 2009. The study focuses on changes in the structure of ownership in particular quarters of the monitored period and the development in ownership relationships among participating entities. The analysis uses temporal series containing numbers of mergers and volumes of assets of participating entities. The results of the analysis have confirmed a slight increase in the number and volume of mergers implemented under foreign owners’ control in contrast to entities controlled by domestic owners. They have also identified waves of mergers within an annual cycle reflecting the timing of the decisive day and the preparation of the starting balance sheet as of the first day of a new accounting and taxation period. In the Czech conditions, mergers under foreign successor company control prevail, while mergers under domestic control have a negative trend in the monitored period. A positive development trend has been proved for mergers implemented under control by only one owner of all participating entities.
ER  -

SEDLÁČEK, Jaroslav, Petr VALOUCH and Eva HÝBLOVÁ. Developmental Analysis of Mergers in the Czech Republic 2001–2009 from the Perspective of Ownership Structure. In Zejlko Panian. \textit{Recent Researches in Business \&{} Economics - Proceedings of the 4th WSEAS World Multiconference on Economics, Business and Development (AEBD’12)}. 1st ed. Porto: WSEAS Press, 2012, p.~65-70. ISBN~978-1-61804-102-9.

Detailed Information on Publication Record