Mergers and acquisitions: An efficiency evaluation

Registro completo de metadados
MetadadosDescriçãoIdioma
Autor(es): dc.contributorFederal University of Itajuba-
Autor(es): dc.contributorUniversidade Estadual Paulista (UNESP)-
Autor(es): dc.creatorJunior, Paulo Rotela-
Autor(es): dc.creatorPamplona, Edson de Oliveira-
Autor(es): dc.creatorda Silva, Aneirson Francisco [UNESP]-
Data de aceite: dc.date.accessioned2022-08-04T22:04:58Z-
Data de disponibilização: dc.date.available2022-08-04T22:04:58Z-
Data de envio: dc.date.issued2022-04-28-
Data de envio: dc.date.issued2022-04-28-
Data de envio: dc.date.issued2013-01-01-
Fonte completa do material: dc.identifierhttp://dx.doi.org/10.4236/am.2013.411213-
Fonte completa do material: dc.identifierhttp://hdl.handle.net/11449/220460-
Fonte: dc.identifier.urihttp://educapes.capes.gov.br/handle/11449/220460-
Descrição: dc.descriptionThis article sheds light on how synergies arise through mergers and acquisitions (M&A). Enterprises go through the process of Mergers and Acquisitions (M&A) with the goal of improving performance, increasing efficiency and obtaining business synergy. Prior literature suggests that synergies could arise due to taxes, market power or efficiency improvements. This study evaluates the efficiency of M&A in Brazil among publicly-traded companies. We used models with multiple objectives from Goal Programming and Data Envelopment Analysis (GPDEA), employing accounting indicators as input and output variables, and thus evaluated the emergence of synergy gains. These models allow us to analyze and classify the M&A according to the efficiency obtained in such processes. Some of the M&A cases analyzed were mistakenly considered efficient when used traditional models. And, as expected, the GPDEA was proved to be superior to classical models; however it was noticed that few of the cases investigated were proved to be effective. We presented a new application for multi-objective approach that can be used to assess mergers and acquisitions. The dual-application of GPDEA provided a greater understanding of efficiency generation in synergy creation by means of M&A.-
Descrição: dc.descriptionInstitute of Production Engineering and Management Federal University of Itajuba-
Descrição: dc.descriptionDepartament of Production São Paulo State University-
Descrição: dc.descriptionDepartament of Production São Paulo State University-
Formato: dc.format1583-1589-
Idioma: dc.languageen-
Relação: dc.relationApplied Mathematics-
???dc.source???: dc.sourceScopus-
Palavras-chave: dc.subjectData Envelopment Analysis-
Palavras-chave: dc.subjectGoal Programming-
Palavras-chave: dc.subjectMerger and Acquisition-
Palavras-chave: dc.subjectMultiple-Objective Optimization-
Palavras-chave: dc.subjectSynergy-
Título: dc.titleMergers and acquisitions: An efficiency evaluation-
Tipo de arquivo: dc.typelivro digital-
Aparece nas coleções:Repositório Institucional - Unesp

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