Record Details

Do M&A deals create or destroy value? A meta-analysis.

CBU International Conference on Innovation in Science and Education

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Field Value
 
Title Do M&A deals create or destroy value? A meta-analysis.
 
Creator Meckl, Reinhard; Faculty for Law and Economics, Chair for International Management, University of Bayreuth
Röhrle, Falk; Faculty for Law and Economics, Chair for International Management, University of Bayreuth
 
Subject mergers and acquisition, meta-analysis, performance measurement, success of M&A
M10, M16, M20
 
Description Empirical research on the effect of M&A transactions on companies’ performance has not shown clear results of success. It is often assumed that these transactions destroy rather than create value. This study employs meta-analytical techniques to evaluate the outcomes of M&A transactions empirically. This method allows a large quantity of transactions to be examined. Additional factors influencing the performance of M&A transactions are found using a moderator analysis. In total, 55,399 transactions between 1950 and 2010, extracted from 33 previous M&A studies, have been examined. The results of this study confirm findings from previous empirical studies, stating that M&A transactions predominantly do not have a positive impact on the success of a company. A moderator analysis indicates that the type of M&A and the time frame used for measurement influence the success of M&A transactions.
 
Publisher CBU, o.p.s.
 
Contributor —
 
Date 2016-12-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ojs.journals.cz/index.php/EJBE/article/view/890
10.12955/ejbe.v11i2.890
 
Source European Journal of Business and Economics; Vol 11, No 2 (2016)
1804-9699
10.12955/ejbe.v11i2
 
Language eng
 
Relation https://ojs.journals.cz/index.php/EJBE/article/view/890/993
 
Rights Copyright (c) 2017 Reinhard Meckl, Falk Röhrle
https://creativecommons.org/licenses/by/3.0/