Informace o publikaci
Is the merger worth it? Evaluating the effect of mergers of companies on their financial indicators via latent growth curve model (Pilot study)
| Autoři | |
|---|---|
| Rok publikování | 2025 |
| Druh | Recenzovaný odborný článek |
| Časopis / Zdroj | Český finanční a účetní časopis |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | https://cfuc.vse.cz/pdfs/cfu/2025/02/03.pdf |
| Doi | https://doi.org/10.18267/j.cfuc.612 |
| Klíčová slova | Effect; mergers; latent growth curve model; ROA |
| Přiložené soubory | |
| Popis | Our paper represents a pilot analysis and contribution to the understanding of the successful implementation of mergers in the geographic context of Central Europe and offers a foundation for future research. The analysis is based on a robust and unique dataset of 783 companies that merged in the Czech Republic over the past decade, representing a substantial proportion of merging companies in the region during the period under review. The study utilises financial statements from the merging companies, covering the period from the decisive merger day - that is, before any effects of the merger could materialise and the five years following it. Unlike traditional studies that predominantly rely on univariate methods, this research employs a comprehensive approach to analysing longitudinal, cross-industry post-merger data via latent growth curve models. This combination of dataset size and analytical depth has not been explored in this context before in the Central European region. |