Publication details

The Development of Profitability of Merged Czech Companies

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Year of publication 2014
Type Article in Proceedings
Conference Proceedings of the 11th International Scientific Conference European Financial Systems 2014
MU Faculty or unit

Faculty of Economics and Administration

Field Management and administrative
Keywords mergers; profitability; macroeconomic development; panel data model
Description The aim of this paper is to analyse the development of profitability of merged Czech companies realizing the merger in the pe riod of years 2001 – 2010. The analysis is based on the sample of more than 300 comp anies realizing and completing successfully the process of merger during the above mentioned period. Regression techniques are used to reveal the most important factors standing behind the changes of profitability of merged companies. The factors under consideration are foreign ownership, the size of the company and the influence of macroeco nomic development in the Czech Republic. Moreover, the relative importance of all controlled variables is evaluated as well.
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