Changes in Property and Ownership Structure of Companies as a Consequence of Mergers in the Czech Republic

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Year of publication 2014
Type Article in Periodical
Magazine / Source Engineering Economics
MU Faculty or unit

Faculty of Economics and Administration

Field Management and administrative
Keywords company transformations; mergers and acquisitions; successor companies; acquired companies; macroeconomic environment; regression and correlation analysis;
Description An empirical research has been conducted on the basic statistical file that contains information about all the companies in the Czech Republic, which merged in the last 10 years (2001–2010), and published in digital form financial statements in the collection of the Trade Register. We analyse temporal series reflecting the development of mergers in companies as divided by size and the role of the company in the merger process, measured by the number of mergers and volume of assets of the successor and the dissolved companies. Our research has proven that the Czech economic environment is dominated by the combinations where a larger company devours the smaller one with the objective to achieve a more advantageous position in the market and economies of scale. A closer dependence was found for development trends in the cases when the dissolved companies were larger than the successor company than in opposite cases.
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