2. Ερευνητικές - Επιστημονικές Δημοσιεύσεις του Ακαδημαϊκού Προσωπικού
Μόνιμο URI για αυτήν την κοινότηταhttps://repository2024.ihu.gr/handle/123456789/30486
Περιηγούμαι
Πλοήγηση 2. Ερευνητικές - Επιστημονικές Δημοσιεύσεις του Ακαδημαϊκού Προσωπικού ανά Θέμα "Acquisitions"
Τώρα δείχνει 1 - 6 από 6
- Αποτελέσματα ανά σελίδα
- Επιλογές ταξινόμησης
Τεκμήριο An accounting comparison of the post-merger economic performance of greek acquiring listed firms in domestic versus international M&As at Southeast Europe(2011) Agorastos, Konstantinos; Pazarskis, MichailThis 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.Τεκμήριο An accounting examination of the long-run performance of greek acquiring firms(2011) Pazarskis, Michail; Lyroudi, Katerina; Pantelidis, Panagiotis; Christodoulou, PetrosThis paper examines empirically the impact of M&As on the post-merger performance of Greek merger-involved firms in the long-run perspective. Τhe post-merger performance of an extensive sample of acquiring listed firms is investigated with accounting data analysis. For the purpose of the study, an explanatory set of 24 financial ratios (divided into five main groups) is employed, in order to measure firms’ post-merger performance. The results revealed that six out of all the examined ratios had decreased and showed, in general, deterioration in several business functions of merger-involved firms’ performance in the post-merger period.Τεκμήριο Are acquiring firms better off after an acquisition? Evidence from a knowledge-intensive industry in Greece(2011-07) Pazarskis, Michail; Alexandrakis, Alexandros; Notopoulos, Panagiotis; Kydros, DimitriosThis study examines the impact of mergers and acquisitions (M&As) on the post-merger operating performance of merger-involved firms in Greece at information technology industry, a knowledge-intensive industry. Using accounting data (financial ratios), the post-merger performance of all the Greek companies, listed on the Athens Stock Exchange at information technology industry, that executed one merger or acquisition in the period from 2004 to 2007 as acquirers (a sample of five firms), is investigated and the degree their successful knowledge transfer to the new merged firm is evaluated. For the purpose of the study, a set of eleven ratios is employed, in order to measure acquiring firms’ operating performance and to compare pre- and post-merger operating performance for two years before and after the M&A announcements. The results revealed that M&As had a negative impact on the post-merger performance of the mergerinvolved firms from a knowledge-intensive industry, concerning their total debt analysis, two years after the M&A transaction. Also there were not some other positive or negative impacts at any other examined ratio, which reveals a possible successful transfer of knowledge, but not the creation of potential synergies or cost reductions.Τεκμήριο Do M&As of Greek listed firms before the economic crisis improved their current liquidity and profitability?(2014) Pantelidis, Panagiotis; Pazarskis, Michail; Deloudi, Kelly; Stamatouros, StavrosThis study examines the impact of mergers and acquisitions (M&As) on liquidity as long as the profitability of listed companies at the ASE (Athens Stock Exchange) in Greece at the beginning of the economic crisis. Using accounting data (financial ratios), the post-merger performance of a sample of Greek companies, listed on the Athens Stock Exchange that executed one merger or acquisition in the two-year-period from 2008 to 2009 as acquirers, is investigated in order to study how firms administer liquidity and profitability before the outbreak of the sovereign debt crisis and during the following years of economic crisis in Greece (2010 and 2011) and if the merger decision improve their performance. For the purpose of the study, a set of financial ratios is employed, in order to measure firms’ performance and to compare preand post-merger performance for two years before and after the M&As announcements (with accounting data analysis from 2006 to 2011). The question that tries to analyse this paper is if in the merger procedure of Greek listed firms their decision have as business priority to achieve higher profits and they failed to secure their viability through their liquidity. The results revealed that M&As had a negative impact on the post-merger performance of merger-involved firms, and more analytically concerning the profitability ratios, but not their liquidity levels due to the M&As events. Last, different post-merger performance results are observed among the examined firms according to a business industry categorization and are revealed slightly better results for the firms with business activities in the industry of metals, mining and constructions.Τεκμήριο Evaluating post-merger performance of greek firms: a theoretical financial accounting perspective(2011) Pazarskis, Michail; Alexandrakis, AlexandrosThis study examines diachronically through empirical past studies the post-merger firm performance in Greece. There is an attempt to depicture the M&As effects on their post-merger performance within a theoretical financial accounting perspective in many aspects. Even though there is a scarcity of studies on this specific subject, the more important studies in the area of post-merger performance in Greece are evaluated and categorised in three thematically discrete areas of related past: accounting studies, event studies, and studies from empirical surveys of executives. As there is no similar past effort, the motivation of this study is to fill this gap in the existing literature and provide a useful framework for academics, researchers and business practitioners about Greek merger activity. The theoretical research results from the post-merger performance studies analysis indicate the existence of special peculiarities to the Greek firms’ post-merger performance.Τεκμήριο The role of internal audit in Bank’s M&As(2012) Drogalas, George; Pantelidis, Panagiotis; Zlatinski, Paraskeui; Paschaloudis, DimitrisOrganizations have encountered rapid changes in economic complexity, expanded regulatory requirements, and technological advancements in recent years. These changes have given the internal audit function a set of expanded opportunities to support management and provide services to other organizational functions (Hass and Burnaby, 2006). Simultaneously, recently numerous mergers have been realized. While academics and practitioners have long discussed both internal audit and bank M&As, the relationship between internal audit and M&As continues to be an elusive concept. For this reason, this study aims to provide some insight on the contribution of internal audit to effective M&As procedure. The empirical results affirm the importance of internal audit on bank’s acquisitions activity.