A Risk Management Model for Merger and Acquisitio

In this paper, a merger and acquisition risk management model is proposed for considering risk factors in the merger and acquisition activities. The proposed model aims to maximize the probability of success in merger and acquisition activities by managing and reducing the associated risks. The modeling of the proposed merger and acquisition risk management model is described and illustrated in this paper. The illustration result shows that the proposed model can help to screen the best target company with minimum associated risks in the merger and acquisition activity

STRUCTURAL ANALYSIS OF MERGERS AND ACQUISITIONS IN THE FOOD INDUSTRY

Determinants of merger and acquisition activity in the food industry are analyzed using logit regression analysis. Factors affecting the food processing, food retailing and food service sectors are considered. Results indicate merger and acquisition activity in all three sectors are significantly influenced by antitrust activity, profitability and real gross domestic product.Industrial Organization,

The analysis of acquirer firm\u27s financial performance before and after merger and acquisition (Indonesian Stock Exchange 2003 - 2013)

Conducting corporate merger and acquisition is a faster and more favorable strategy for firm to survive and grow. This research aims to examine the impact of merger and acquisition on financial performance of the firms measured by financial ratios in order to find significant differences before and after merger and acquisition. The sample of this research consists of 11 acquirer firms taken by purposive sampling method. The data of financial ratios are mainly obtained from the Indonesian Capital Market Directory (ICMD) from year 2003 to 2013. The method used to answer the hypotheses is Paired T Test, the synergy is then measured by examining some pre- and post-merger and acquisition financial ratios (5 years before and 5 years after). The result shows that all financial ratios are not significatly different before and after merger and acquisition, thus merger and acquisition have not yet brought significant impact on the financial performance of the firms. Key words: Mergers and Acquisition, Financial Performance, Financial Ratios, Paired t test, Synerg

Impact of Mergers and Acquisitions on the Performance of Commercial Banks in Pakistan

The objective of this research study is to examine the impact of merger and acquisition on performance of banks. This study is basically a quantitative research to give an insight into the trends that has increased the merger and acquisition. An empirical investigation has been done to study the patterns of merger and acquisition in banking sector of Pakistan. Past studies focused mainly on the developed countries and there is less work done on merger and acquisition in less developed countries like Pakistan. For the purpose of data collection annual reports are used. To evaluate the effect of M&A on the profitability of banking sector of Pakistan data is collected from the KSE (Karachi stock exchange). The dependent variable is performance of bank and independent variable is merger and acquisition. Keywords: Banks, Performance, Return on Equity, Return on Assets

Abnormal Return Dan Likuiditas Saham Atas Pengumuman Akuisisi

The purpose of this study is to analyze the difference of abnormal return and liquidity before and after the announcement of mergers and acquisitions. Abnormal returns are measured with market-adjusted model. Liquidity is  measured with trading volume and Amihud Illiquidity ratio. The observation period (event windows) of this research is  11 trading days which 5 trading days before the announcement of the merger and acquisition and 5 trading days after the announcement mergers and acquisitions. Research sample consists of 70 companies which announce merger and acquisition between 2010 and 2014. The results show that 1)there is significant differences of abnormal returns before and after merger and acquisition, and 2)there is no significant differences of stock liquidity before and after merger and acquisition