Merger & Acquisition: A Comparative Integration Analysis of Third World Country

Zaib Maroof, Muhammad Jawad

2019

Abstract

After globalization, an upsurge in Merger & Acquisition (M&A) activities has been observed all over the globe especially in last decade, as same contributed towards the economic wellbeing of any country. Companies adopted different Integration Strategies (Vertical, Horizontal & Conglomerate) to undergo the merger deals and accordingly their post merger financial performance analysis was documented for future reference. On the contrary, comparatively inadequate evidence is accessible to appreciate the outcome of this activity in Pakistan, which cannot be taken as reference for future M&A deals. Therefore, the present research investigate in a decent way the impact of various M&A Integration Strategies on the financial performance of the merged firms in Pakistan, with an aim to identify the best suited M&A Integration Strategy in own environment. Available data from pre and post merger financial Statements of 36 merger events categorized broadly into three Integration Strategies (year 2000 to 2010) had been examined using paired sample T-test for difference of means of ratio categorized on four basis i.e. Liquidity Ratio, Profitability Ratio, Operating Expense Ratio & Financial Leverage Ratio. Plausible recommendations were solicited for the benefit of the investors, financial analysts, advisory firms and investment banks.

Paper Citation

in Harvard Style

Maroof Z. and Jawad M. (2019). Merger & Acquisition: A Comparative Integration Analysis of Third World Country.In International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB, ISBN 978-989-758-370-4, pages 78-85. DOI: 10.5220/0007761000780085

in Bibtex Style

@conference{femib19,
author={Zaib Maroof and Muhammad Jawad},
title={Merger & Acquisition: A Comparative Integration Analysis of Third World Country},
booktitle={International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB,},
year={2019},
pages={78-85},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007761000780085},
isbn={978-989-758-370-4},
}

in EndNote Style

TY - CONF

JO - International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB,
TI - Merger & Acquisition: A Comparative Integration Analysis of Third World Country
SN - 978-989-758-370-4
AU - Maroof Z.
AU - Jawad M.
PY - 2019
SP - 78
EP - 85
DO - 10.5220/0007761000780085