Impact of takeovers on profitability of target companies: Evidence from Croatian companies

Autor: Josipa Višić
Rok vydání: 2013
Předmět:
Zdroj: Communist and Post-Communist Studies. 46:455-461
ISSN: 1873-6920
0967-067X
DOI: 10.1016/j.postcomstud.2013.11.001
Popis: It is possible to find scientific confirmation of positive, negative or neutral influence of takeovers on company’s profitability. Therefore, this study aimed to highlight the sensitivity of research results on manipulation in terms of used methodology and indicators. Using t-test for paired samples and five selected profitability indicators for target and peer companies, it has been proven that it is possible to obtain significantly different results even when using the same sample and the same reference period. The research has been performed on the sample of Croatian companies, which were taken over in the period from year 2003–2008.
Databáze: OpenAIRE