Synergy and Goodwill Controlling
Empirical Evidence on Determinants and Acquisition Performance
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Beschreibung
As most acquisitions destroy shareholder value, this study examines the effect of synergy and goodwill controlling on acquisition success. Based on a sample of German, Austrian, and Swiss acquirer companies, a descriptive analysis presents design options for the M&A organization and related controlling tasks. Empirical analyses identify various determinants of synergy and goodwill controlling and reveal that acquisitions positively impact financial success in the short term and accounting-based success in the medium term. The results also indicate that synergy and goodwill controlling influence internal and external measures of acquisition success in different ways. Thus, the findings do not only entail implications for acquirers but also for investors, standard setters, and academics.
Autor*in
Daniela Peters
Themen in »Synergy and Goodwill Controlling«
Takeovers mergers and buy-outs Financial management Management accounting International accounting Organization of enterprises Multinationals General business studies Corporate finance