|
Addis Ababa University Libraries Electronic Thesis and Dissertations: AAU-ETD! >
Faculty of Business and Economics >
Thesis - Accounting & Finance >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/123456789/1944
|
| Title: | Merger: Valuation Process and Evaluation of Financial Performance in case of United Insurance Company and Shama Plc |
| Authors: | Jemaneh, Bayou |
| Advisors: | Abebe Yitayew (Assistant Professor) |
| Copyright: | 2008 |
| Date Added: | 20-Jan-2009 |
| Publisher: | Addis Ababa University |
| Abstract: | This paper entitled “Merger: Valuation process and Evaluation of Financial
Performance” circulates around the key issues in merger valuation and financial
performance of merged companies before and after merger.
The objective is to identify the rationales of merger, strategic and financial intents of
mergers and evaluate the performance of merged companies before and after merger.
The data used in the study was obtained through questionnaire and interview with the
executives of merged companies. In addition, the deed of merger and financial statements
are thoroughly investigated to understand the merger process and financial performance
of the merged companies. The performance 5 years before merger and 5 years after
merger are investigated using financial statement analysis. In order to substantiate the
result t- test was used for hypothesis testing
The study finding indicates that the major merger motive is enhancing profitability. It is
also found that the merger process is simply pooling the audited financial statements of
companies going for merger.
The study analysis made both by financial statements analysis and the hypothesis testing
made shows that performance of firms after merger has not increased as compared to the
performance of firms before merger. |
| Description: | A PROJECT PAPER
SUBMITTED TO THE SCHOOL OF GRADUATE STUDIES
OF
ADDIS ABABA UNIVERSITY
IN PARTIAL FULFILLMENTS OF THE REQUIREMENTS
FOR THE DEGREE OF MASTER OF SCIENCE
IN
ACCOUNTING AND FINANCE |
| URI: | http://hdl.handle.net/123456789/1944 |
| Appears in: | Thesis - Accounting & Finance
|
Items in the AAUL Digital Library are protected by copyright, with all rights reserved, unless otherwise indicated.
|
