An accounting comparison of the post-merger economic performance of Greek acquiring listed firms in domestic versus international M&As at Southeast Europe

Konstantinos Agorastos, Michail Pazarskis and Theofanis Karagiorgos

International Journal of Trade and Global Markets, 2011, vol. 4, issue 3, 328-342

Abstract: This study examines the impact of M&As on the economic performance of merger-involved firms in Greece at domestic and international M&As using accounting data (financial ratios). The post-merger performance of a sample of acquiring listed firms involved in domestic M&As is compared with an equivalent sample of firms with similar characteristics involved in international M&As. The results revealed in general that the international M&As have provided a better post-merger economic performance for the acquiring firms than the domestic M&As, and in contrast to the general economic performance of all listed firms in this period also have had a superior performance.

Keywords: mergers; acquisitions; economic performance; financial ratios; accounting data; international M&As; Greece; Southeast Europe; domestic M&As; post-merger performance. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtrgm:v:4:y:2011:i:3:p:328-342

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