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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

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