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dc.contributor.authorMüslümov, Alövsat
dc.date.accessioned2014-08-14T10:02:29Z
dc.date.available2014-08-14T10:02:29Z
dc.date.issued2002-06
dc.identifier.citationMÜSLÜMOV, A. (2002). The financial analysis of postmerger performance of surviving firms. Yapı Kredi Economic Review, June, 13 (1), pp. 29-53en_US
dc.identifier.issn1019-1232
dc.identifier.urihttp://hdl.handle.net/11376/499
dc.description.abstractThis paper examines the synergy created in the merger process, its sources and factors that influence its magnitude using a sample of 56 mergers from U.S. industries completed within 1992-1997. Research findings indicate that mergers are resulting in the synergy gains, which is measured by operating cash flows relative to the industries. The cash flow increases do not come from gaining monopoly position and cutting capital investments and labor cost. The cash flow improvements come from the more productive usage of assets in generating sales. The subsample studies show that cash flow improvements are particularly strong in high overlap, equity-financed, value and larger merger subsamples.en_US
dc.language.isoengen_US
dc.publisherYapı Kredi Bankasıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectMergeren_US
dc.subjectPostmerger Performanceen_US
dc.subjectTakeoveren_US
dc.subjectSynergyen_US
dc.titleThe financial analysis of postmerger performance of surviving firmsen_US
dc.typearticleen_US
dc.relation.journalYapı Kredi Economic Reviewen_US
dc.contributor.departmentDoğuş Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US
dc.identifier.volume13en_US
dc.identifier.issue1en_US
dc.identifier.startpage29en_US
dc.identifier.endpage53en_US


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