Preliminary communication
IMPACT OF COMPANY’S SIZE ON TAKEOVER SUCCESS
DAVOR FILIPOVIĆ
Abstract
Respecting the fact that vast
number of M&As do not achieve
planed synergies and results and
that M&A success is affected
by different organizational variables like
management, strategy, structure, corporate
culture, company size etc., the main aim
of this paper is to analyze the impact
of company’s size on takeover success.
Successful takeover is defined as takeover
in which target company performs better
in the period after the takeover than in
the period before the takeover. Hypothesis
according to which the smaller the relative
ratio of the size of target company compared
to the acquirer, the more successful is
target company’s performance after the
takeover was tested and confirmed on the
43 companies that were acquired in the
Republic of Croatia.
Keywords
Mergers; Takeovers; Takeover success; Company size; Republic of Croatia
Hrčak ID:
86645
URI
Publication date:
15.6.2012.
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