Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310696 
Year of Publication: 
2018
Citation: 
[Journal:] Journal of Accounting and Management Information Systems (JAMIS) [ISSN:] 2559-6004 [Volume:] 17 [Issue:] 1 [Year:] 2018 [Pages:] 31-45
Publisher: 
Bucharest University of Economic Studies, Bucharest
Abstract: 
The study examines the impact of mergers on the accounting performance of merger-involved firms in Greece. The study analyses four basic profitability ratios from financial statements of a sample of sixty Greek listed firms at the Athens Exchange that executed as acquirers' one merger in the period a ten-year-period (2005-2014). In order to measure firms' accounting performance, comparisons of pre- and post-merger firm profitability are examined for one year before and after the merger events (with data analysis from 2004 to 2015). The results revealed that mergers have had a negative impact on profitability and, in general, on accounting performance of the merger-involved firms. Furthermore, the study investigates the impact of the economic crisis on the success of mergers in Greece. There is evidence there is also a negative effect on accounting performance after mergers during the period of the economic crisis in Greece.
Subjects: 
mergers
accounting performance
financial ratios
economic crisis
JEL: 
G34
M40
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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