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Globalny efekt synergi jako sposob pomiaru efektów fuzji / The global synergy effect as a measure of M&A efficiency

Globalny efekt synergi jako sposob pomiaru efektów fuzji / The global synergy effect as a measure of M&A efficiency

Herdan, Agnieszka ORCID: 0000-0002-6514-2021 (2001) Globalny efekt synergi jako sposob pomiaru efektów fuzji / The global synergy effect as a measure of M&A efficiency. In: Zarzadzanie Finansami cele - organizacja - narzedzia / Financial Management Goals - Organization - Tools. Fundacja Rozwoju Rachunkowosci w Polsce / Foundation for Accounting Development in Poland, pp. 431-442. ISBN 83-86543-39-6

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Abstract

The merger decision should always be preceded by a thorough analysis of the merging entities

Most often, the merger is aimed at obtaining new or reinforcing effects of the newly-created unit, in relation to individual effects achieved by individual enterprises before the merger, so call the synergy effect.

A look at the synergy effect from the point of view of shareholders/shareholders and managers allows for the recognition of the Global Synergy Effect.

• The Global Synergy Effect (GSE) is a difference between the value of the combined company and the total value of the companies before the merger. Its correct measurement is influenced by fairly reliable valuations: merged companies and entities before the merger.

The choice of the valuation method depends on the availability of information and the subjective decision made by the persons conducting the research. When choosing a valuation method, the evaluator should be aware of the risk of the used valuation methods. The most common valuation methods are market capitalization, book value and discounted cash flows.

The number of periods, as well as their length (quarter, year, year), which can be taken into account in the measurement and assessment of the synergy effect, depends on the person conducting the valuation.

Item Type: Conference Proceedings
Title of Proceedings: Zarzadzanie Finansami cele - organizacja - narzedzia / Financial Management Goals - Organization - Tools
Uncontrolled Keywords: merger, acquistion, synergy effect
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of Accounting & Finance
Last Modified: 18 Jan 2019 14:41
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/22327

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