International mergers as a business expansion strategy by Greek companies: A case study of corporate performance analysis for board of directors

This research analyzes a specific international merger involving a Greek publicly traded company in the recent post-COVID-19 and post-sovereign debt crisis era in the Greek market. The primary research aim is to assess the corporate performance of a Greek company listed on the Athens Stock Exchange...

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Bibliographic Details
Published inCorporate Board: Role, Duties and Composition Vol. 20; no. 2; pp. 102 - 110
Main Authors Kourtesi, Sofia, Chasiotou, Aikaterini, Konstantinidis, Christos, Kafestidis, Stylianos
Format Journal Article
LanguageEnglish
Published 2024
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Summary:This research analyzes a specific international merger involving a Greek publicly traded company in the recent post-COVID-19 and post-sovereign debt crisis era in the Greek market. The primary research aim is to assess the corporate performance of a Greek company listed on the Athens Stock Exchange (ASE) after it underwent an international merger in 2019. The research involves an in-depth analysis of the company’s performance post-merger and calculates various financial ratios using accounting data from four years before and after the international merger. The research results revealed that the merger deal has led the examined Greek listed sample company to a better performance in profitability, but not in liquidity and leverage, thus signalizing some mixed results for the international merger transaction.
ISSN:1810-8601
2312-2722
DOI:10.22495/cbv20i2art10