Determinants of Companies’ Financial Performance Following M&A Transactions in Poland

• Authors: Marcin Ocieszak

Abstracts

EN

Purpose: This study identifies and analyzes the factors that impact the financial performance of companies after a merger and acquisition transaction. Methodology: As many as 130 Polish market observations were analyzed with an OLS regression model to verify the research hypotheses. Results: The results reveal that the company’s size, performance before the transaction, and its international nature translated into improvement of post-transaction financial performance. Moreover, industry diversification transactions and CEO changes in acquiring a company had a negative impact on the company’s financial performance after the transaction. Originality: This investigation is the first study devoted to the Polish market in the research field of M&A determinants with the use of such a large sample.

Keywords

EN

mergers; acquisitions; M&A; operating performance

• Publisher: Akademia Leona Koźmińskiego
• Journal: Central European Management Journal
• Year: 2020
• Volume: 28(4)
• Pages: 51-66

Dates

published

2020

Contributors

author

Marcin Ocieszak

Identifiers

DOI

10.7206/cemj.2658-0845.34

Biblioteka Nauki

1933633