Title: The impact of mergers in times of crisis in Greece: strategic analysis of profitability maximisation and operating performance

Authors: Sofia Kourtesi; Aikaterini Chasiotou; Christos Konstantinidis; Kleanthis Mouratidis

Addresses: Department of Economics, International Hellenic University, Greece ' Department of Business Administration, International Hellenic University, Greece ' Department of Business Administration, International Hellenic University, Greece ' Department of Business Administration, International Hellenic University, Greece

Abstract: This study analyses mergers concerning Greek listed companies in the recent time of intense economic and fiscal pressure. The primary research endeavours to assess the performance of all Greek companies listed on the Athens Stock Exchange that took part in mergers, from 2008 to 2020. The survey examines various financial ratios by employing accounting data from one to two years before and after the merger aiming at an in-depth analysis of the companies' performance in Greece. The results revealed that there was no statistically significant change in pre- and post-merger quantitative variables (financial ratios) in times of economic crisis.

Keywords: merger; financial ratios; crisis; Greece.

DOI: 10.1504/IJBCG.2024.144372

International Journal of Business Competition and Growth, 2024 Vol.9 No.3/4, pp.230 - 243

Received: 18 Aug 2024
Accepted: 07 Nov 2024
Published online: 10 Feb 2025 *

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