Synergy and Goodwill Controlling
ISBN:
978-3-631-78240-8
Verlag:
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Land des Verlags:
Deutschland
Erscheinungsdatum:
28.02.2019
Reihe:
Münsteraner Schriften zur Internationalen Unternehmensrechnung
Format:
Hardcover
Seitenanzahl:
302
Lieferung in 3-4 Werktagen
Versandkostenfreie Lieferung innerhalb Österreichs bis 31. Jänner 2025
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.
Schlagwörter
Biografische Anmerkung
Daniela Peters studied Business Administration at the University of Münster (Germany) and at Monash University in Melbourne (Australia). She worked as a research assistant for the Chair of International Accounting at the University of Münster.