Synergy and Goodwill Controlling
Empirical Evidence on Determinants and Acquisition Performance
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Beschreibung
This study examines the effect of synergy and goodwill controlling on acquisition success. Based on a sample of German, Austrian, and Swiss acquirers, it provides design options for the M&A organization and related controlling tasks. Empirical analyses examine determinants of synergy and goodwill controlling.
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«
Acquisition Controlling Corporate finance Daniela Determinants Empirical Evidence Financial management General business studies Goodwill International accounting Management accounting mergers and buy-outs Multinationals Organization of enterprises