The impact of mergers and acquisitions on economic performance of Greek firms

dc.contributor.author	Παζάρσκης, Μιχαήλ Δ.	el
dc.contributor.author	Καραγιώργος, Θεοφάνης	el
dc.contributor.author	Χριστοδούλου, Πέτρος	el
dc.contributor.author	Ελευθεριάδης, Ιορδάνης	el
dc.date.accessioned	2015-02-02T12:48:14Z
dc.date.available	2015-02-02T12:48:14Z
dc.date.issued	2015-02-02
dc.identifier.uri	http://hdl.handle.net/11400/5482
dc.rights	Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ηνωμένες Πολιτείες	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/us/	*
dc.subject	Mergers
dc.subject	Συγχωνεύσεις
dc.subject	Εξαγορές
dc.subject	Χρηματοοικονομικοί δείκτες
dc.subject	Οικονομική απόδοση
dc.subject	Acquisitions
dc.subject	Financial ratios
dc.subject	Economic performance
dc.title	The impact of mergers and acquisitions on economic performance of Greek firms	en
heal.type	conferenceItem
heal.secondaryTitle	an accounting perspective	en
heal.generalDescription	ISSN Σειράς Πρακτικών: 1791 – 8499	el
heal.generalDescription	Proceedings Series: 1791 - 8499	en
heal.classification	Administration
heal.classification	Business economics
heal.classification	Διοίκηση και οργάνωση
heal.classification	Οικονομική των επιχειρήσεων
heal.classificationURI	http://id.loc.gov/authorities/subjects/sh2002007910
heal.classificationURI	http://zbw.eu/stw/descriptor/12041-5
heal.classificationURI	http://zbw.eu/stw/descriptor/24856-0
heal.classificationURI	N/A-Διοίκηση και οργάνωση
heal.classificationURI	N/A-Οικονομική των επιχειρήσεων
heal.keywordURI	http://id.loc.gov/authorities/subjects/sh00006457
heal.contributorName	Φράγκος, Χρήστος Κ. (1949-) (επιμ.)	el
heal.language	en
heal.access	campus
heal.recordProvider	Τεχνολογικό Εκπαιδευτικό Ίδρυμα Αθήνας. Σχολή Διοίκησης και Οικονομίας. Τμήμα Διοίκησης Επιχειρήσεων. Κατεύθυνση Διοίκησης Επιχειρήσεων.	el
heal.publicationDate	2009-05
heal.bibliographicCitation	Pazarskis, M.D., Karagiorgos, T., Christodoulou, P. and Elefteriadis, I. (2009).The impact of mergers and acquisitions on economic performance of Greek firms: an accounting perspective. In Proceedings of the 2nd International Conference: Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences. Athens, 25th to 27th May 2009. Athens: TEI of Athens. pp. 385-388.	en
heal.abstract	This study examines the impact of mergers and acquisitions (M&As) on the economic performance of merger-involved firms in Greece. Using financial ratios, the post-merger performance of a sample of forty Greek companies, listed on the Athens Stock Exchange that executed at least one merger or acquisition in the period from 2003 to 2005 as acquirers, is investigated. For the purpose of the study, a set of four profitability ratios (ROE and ROA, before and after taxes, respectively) is employed, in order to measure firms’ economic performance and to compare pre- and post-¬merger economic performance for two years before and after the M&A announcements. The results revealed that none of all the examined profitability ratios did not change significantly due to the M& A event. The final conclusion that conducted is that M&As have not had any impact on economic performance of merger-involved firms and they were finally investment actions of zero value	en
heal.publisher	Τεχνολογικό Εκπαιδευτικό Ίδρυμα Αθήνας	el
heal.publisher	TEI of Athens	en
heal.fullTextAvailability	true
heal.conferenceName	2nd International Conference: Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences	en
heal.conferenceItemType	full paper