ERA

Download the full-sized PDF of Application of performance measures to mergers and acquisitionsDownload the full-sized PDF

Analytics

Share

Permanent link (DOI): https://doi.org/10.7939/R38926

Download

Export to: EndNote  |  Zotero  |  Mendeley

Communities

This file is in the following communities:

Graduate Studies and Research, Faculty of

Collections

This file is in the following collections:

Theses and Dissertations

Application of performance measures to mergers and acquisitions Open Access

Descriptions

Other title
Subject/Keyword
measure
performance
acquisition
merger
Type of item
Thesis
Degree grantor
University of Alberta
Author or creator
Evstafyeva, Anna
Supervisor and department
Melnikov, Alexander (Department of Mathematical and Statistical Sciences)
Examining committee member and department
Scepesvari, Csaba (Computing Science)
Schmuland, Byron (Department of Mathematical and Statistical Sciences)
Yaskin, Vladyslav (Department of Mathematical and Statistical Sciences)
Department
Department of Mathematical and Statistical Sciences
Specialization

Date accepted
2009-09-23T16:27:38Z
Graduation date
2009-11
Degree
Master of Science
Degree level
Master's
Abstract
The main part of this thesis was devoted to applying performance measures in the analysis of mergers and acquisitions. Performance measures take into account the profitability of a company and the risk associated to that company.To analyze potential post-merger synergies one can combine the pre-merger financial results of two companies and calculate the value of an applicable performance measure. If the value exceeds that of the bidder by itself the merger is said to generate positive synergies. The thesis demonstrates how the calculations can be performed as well as advantages and disadvantages of various performance measures. Most performance measures involve company's returns. It was shown that only quarterly return is a reliable source of information about company's performance. To deal with quarterly data annualization method for all applicable ratios was developed. Several examples were created to demonstrate advantages and disadvantages of annualized applicable performance measures. Three real-world examples of recent acquisitions in Canada and USA were given and analyzed .
Language
English
DOI
doi:10.7939/R38926
Rights
License granted by Anna Evstafyeva (anna.evstafyeva@gmail.com) on 2009-09-23T06:37:03Z (GMT): Permission is hereby granted to the University of Alberta Libraries to reproduce single copies of this thesis and to lend or sell such copies for private, scholarly or scientific research purposes only. Where the thesis is converted to, or otherwise made available in digital form, the University of Alberta will advise potential users of the thesis of the above terms. The author reserves all other publication and other rights in association with the copyright in the thesis, and except as herein provided, neither the thesis nor any substantial portion thereof may be printed or otherwise reproduced in any material form whatsoever without the author's prior written permission.
Citation for previous publication

File Details

Date Uploaded
Date Modified
2014-04-25T00:42:26.112+00:00
Audit Status
Audits have not yet been run on this file.
Characterization
File format: pdf (Portable Document Format)
Mime type: application/pdf
File size: 351784
Last modified: 2015:10:12 11:46:19-06:00
Filename: Evstafyeva_Anna_Fall 2009.pdf
Original checksum: 876e893b071139dd94f5ec426a5991a8
Well formed: false
Valid: false
Status message: Invalid page dictionary object offset=350384
Activity of users you follow
User Activity Date