Assessment of Impact of Capital Acquisitions on the Economic Situation of Consolidated Entities in the Czech Republic

Jaroslava Rajchlová, Anna Fedorová, Kristina Somerlíková and Libor Grega
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Jaroslava Rajchlová: Department of Regional and Business Economics, Faculty of Regional Development and International Studies, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic
Anna Fedorová: Department of Finance, Faculty of Business and Management, University of Technology, Antonínská 1, 601 90 Brno, Czech Republic
Kristina Somerlíková: Department of Regional and Business Economics, Faculty of Regional Development and International Studies, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic
Libor Grega: Department of Regional and Business Economics, Faculty of Regional Development and International Studies, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2019, vol. 67, issue 5, 1335-1345

Abstract: Business acquisition constitutes a fundamental aspect of business environment formation. Our research has focused on assessment of impact of capital acquisition on the economic condition of the company. Therefore, the second research level has been initiated, focusing on the individual assessment of the single companies to identify allocation of synergy between consolidated units and parent companies in the Czech Republic. For our research, taking into consideration availability of data and subsequent explanatory value of the results, we will consider synergistic effect as presented in the Ansoff's concept. Consolidated financial statements of totally 719 groups of accounting entities - business concerns in the Czech Republic has been studied in the research. A composite indicator, as the modern tool for comparison and evaluation of development of entities, has been selected to compare individual economic indicators of parent companies and group of their companies. We believe that developed arguments allow us to formulate conclusion that capital acquisitions, resulting in the years 2008-2013 in the obligation to compile consolidated financial statement, have brought positive financial synergistic effects in majority of cases, and we can rank them among successful business activities.

Keywords: acquisition; consolidated reporting entities; synergistic effect; composite indicator; economic indicators (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2019067051335

DOI: 10.11118/actaun201967051335

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