Measuring accounting performance of South African mergers and acquisitions

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dc.contributor.authorMnyandu, Nozipho Phindile
dc.date.accessioned2018-02-07T07:47:33Z
dc.date.available2018-02-07T07:47:33Z
dc.date.issued2016
dc.descriptionA research report submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Master of Management in Finance and Investment, June 2016en_ZA
dc.description.abstractThis study examines long-term performance of publicly-listed South African acquiring firms that participated in Merger and Acquisition transactions. In an effort to close the gap in South African literature of long-term M&A performance, the study used key financial ratios in calculating the change of financial position before and after each M&A transaction or in other words, before and after the 2007 recession. The sample included 10 acquiring companies that performed 18 acquisitions during the period, 2007 and 2009. Subsequently, accounting performance in the form of Profitability, Efficiency, Liquidity, Leverage/Solvency and Investment ratios, were then analysed three years before and after each M&A transaction. Furthermore, the Paired Comparison Test was used to test for significant differences in ratios, between pre- and post-M&A performance of each acquirer. The results suggest that overall, Mergers and Acquisitions do not significantly improve financial performance of South African acquirers after each M&A transaction.en_ZA
dc.description.librarianGR2018en_ZA
dc.format.extentOnline resource (vi, 56 leaves)
dc.identifier.citationMnyandu, Nozipho Phindile (2016) Measuring accounting performance of South African mergers and acquisitions, University of the Witwatersrand, Johannesburg, <https://hdl.handle.net/10539/23797>
dc.identifier.urihttps://hdl.handle.net/10539/23797
dc.language.isoenen_ZA
dc.subject.lcshConsolidation and merger of corporations--South Africa
dc.subject.lcshCorporations--Accounting
dc.titleMeasuring accounting performance of South African mergers and acquisitionsen_ZA
dc.typeThesisen_ZA
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