文章基本信息

标题：Measuring the Effect of Mergers in Greece with the Use of Financial Ratios: A Bootstrapped Approach
本地全文：下载
作者：Michail Pazarskis ; Alexandros Alexandrakis ; Manthos Vogiatzoglou 等
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2018
卷号：08
期号：03
页码：421-431
DOI：10.4236/tel.2018.83030
语种：English
出版社：Scientific Research Publishing
摘要：In this study a bootstrapped data analysis from financial statement analysis is proposed to evaluate the short-run operating gains from mergers of Greek listed firms after the outbreak of the sovereign debt crisis in Greece. The examined sample consists of thirty Greek firms, in order to investigate the de gree of operating gains from mergers, during a five-year-period inside the debt crisis in Greece. The results reveal that a year before and a year after the merger event, the sample firms were unable to generate short-run operating gains to several financial ratios. Also, we conclude that the use of the standard, normality based, t-test for inference between financial ratios should be done with caution.
关键词：Mergers;Financial Ratios;Bootstrap Techniques;Greek Debt Crisis