Synergy and Goodwill Controlling - Empirical Evidence on Determinants and Acquisition Performance. Dissertationsschrift
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| Verlag | Peter Lang |
| Auflage | 2019 |
| Seiten | 302 |
| Format | 14,8 x 2,3 x 21,0 cm |
| Gewicht | 610 g |
| Artikeltyp | Englisches Buch |
| Reihe | Münsteraner Schriften zur Internationalen Unternehmensrechnung 17 |
| ISBN-10 | 3631782403 |
| EAN | 9783631782408 |
| Bestell-Nr | 63178240A |
This study examines the effect of synergy and goodwill controlling on acquisition success. Based on a sample of German, Austrian, and Swiss acquirers, it provides design options for the M&A organization and related controlling tasks. Empirical analyses examine determinants of synergy and goodwill controlling.
Klappentext:
As most acquisitions destroy shareholder value, this study examines the effect of synergy and goodwill controlling on acquisition success. Based on a sample of German, Austrian, and Swiss acquirer companies, a descriptive analysis presents design options for the M&A organization and related controlling tasks. Empirical analyses identify various determinants of synergy and goodwill controlling and reveal that acquisitions positively impact financial success in the short term and accounting-based success in the medium term. The results also indicate that synergy and goodwill controlling influence internal and external measures of acquisition success in different ways. Thus, the findings do not only entail implications for acquirers but also for investors, standard setters, and academics.
Inhaltsverzeichnis:
Mergers and Acquisitions - Synergy controlling - Goodwill controlling - Link between synergies and goodwill - Value-based management of acquisitions - Investment controlling/management - M&A project organization - Monitoring of acquisition performance - survey research - short-term event study - long-term event study - capital market effects - accounting consequences