Does post merger financial performance improve after agrifood mergers of cooperatives? An empirican analysis

Elena Meliá (), Ana Martinez-Garcia and Juan F. Julia-Igual

No 114652, 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland from European Association of Agricultural Economists

Abstract: This study was carried out to characterize the mergers and acquisitions undertaken in the Spanish agrifood sector during the period 1995-2005 and has two objectives. Firstly, it aims to determine the manner in which economic-financial factors influence the type of merger carried out (merger by formation of a new legal person and merger by acquisition), and the role played by cooperatives (acquirer, acquired or cooperative involved in a merger by formation). Secondly, it aims to determine whether these mergers have contributed to reaching any of the objectives they were set out to achieve: improving the economic-financial situation of the companies involved, increasing income and reducing relative costs. The results obtained show that on average, following a merger, there were no statistically significant improvements in the economic-financial indicators studied.

Keywords: Agribusiness; Agricultural Finance (search for similar items in EconPapers)
Pages: 15
Date: 2011-09-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae11:114652

DOI: 10.22004/ag.econ.114652

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