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Acquisition Value Analysis Acquisitions & Mergers in the Czech Republic

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  • Iveta Mackenzie

Abstract

The study deals with assessing the success of mergers & acquisitions. First, it reviews current approaches to assessing the success of mergers & acquisitions. Next, a method Acquisition Value Analysis, is presented. Acquisition Value Analysis may be used for evaluating the financial results of participating companies in the medium term; it measures the dynamics of profits/ losses reported regarding individual stakeholders: owners, creditors, employees. By applying this method, the mergers & acquisitions realised in the Czech Republic in the period 2007 - 2010 were analysed. Primarily, owners of target companies were those who prospered most whereas other stakeholders - creditors and employees - experienced losses. All interest groups - owners, employees and creditors - were reported as prospering in the medium term, especially those related to the firms that acted as acquirers.

Suggested Citation

  • Iveta Mackenzie, 2016. "Acquisition Value Analysis Acquisitions & Mergers in the Czech Republic," Ekonomika a Management, Prague University of Economics and Business, vol. 2016(4).
    • Handle: RePEc:prg:jnleam:v:2016:y:2016:i:4:id:299
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    strategic management; Acquisition Value Analysis; Mergers & Acquisitions; Akviziční hodnotová analýza; Akvizice & přeměny; Strategický management;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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