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peaking代写-评估合并公司绩效的方法

peaking代写-评估合并公司绩效的方法。多年来,人们进行了各种各样的研究,以评估合并和收购作为一种战略是否有助于提高或降低企业的价值。本文讨论了两种评估合并公司绩效的方法(Sharma, 2010)。讨论了事件研究和会计回报。研究人员对习得行为的评价,大多采用事件研究的方法,或者采取基于会计核算的方法。近年来,数据包络分析和平衡计分卡的方法等研究都有了新的思路。本文表明,测量习得绩效的方法有多种,每种方法都有各自的优缺点(Laabs and Schiereck, 2010)。测量方法的选择对所绘制的结果至关重要,因此选择时必须非常小心。建议评价方法需要有其研究国家的基础,更重要的是,需要检查的方面包括与股票市场和盈利有关的感知。

Another characteristic for the deal taken into consideration is whether deal was done on hostile terms or friendly terms. According to Faisal (2010), a meta-analysis was done to investigate this. It was found through empirical evidence that the findings are mixed. The findings were the same as the findings obtained by Laabs and Schiereck. It suggested that most companies do not gain advantages from acquisitions of conglomerate nature. It seemed that firms are more beneficial when there are acquisitions of horizontal and vertical nature involved wherein synergies can be gained (Kwoka and Pollitt, 2010). According to Kwoka and Pollitt (2010) and Faisal (2010), it was studied that the company performance with hostile acquisitions were of more performance. At times when mergers and acquisitions had a friendly appearance, they worked but only in the short term. In the long term, they did not benefit much because the strategies and agendas were of a different nature. For conglomerate firms, scoping economies has a negative nature and the advantages of newer structure of capital and taxes are not such that they impact negatively. According to Faisal et al. (2010), the results from event study indicate that after 3 days of acquisition, the stocks of acquiring firms generate return of abnormal nature at an average of 1.22 percent across every acquisition (Shukla and Gekara, 2010). When performance is long term, it is evident that companies acquiring perform in a better manner than the industrial pre-transaction and post-transaction.

Throughout the years, various studies have been done for evaluating whether merging and acquiring as a strategy have helped in enhancing or degrading value for firms. The essay has taken into discussion two methods to evaluate the merging firm’s performance (Sharma, 2010). Event study and accounting return have been discussed. It has been found mostly that researchers either adopt the methodology of event study or they take up measures based on accounting for evaluating the performance of acquisition. New approaches have been included in recent studies such as the analysis for data envelopment and approach of balanced score card. The essay has shown that there are several methods to measure performance of acquisition and each has its individual merits and demerits (Laabs and Schiereck, 2010). The selection of measurement method is essential to the drawn results and therefore selection has to be done with enormous care. It is recommended that evaluation method needs to have its basis over the study country and more essentially the aspects to be examined are inclusive of perception related to stock market and profit making. The second part of the study concluded that the deal characteristics have to be focused upon. There are times when mergers do benefit enormously whereas there are other times when mergers do not greatly benefit (Kwoka and Pollitt, 2010). This is because the characteristics are not taken into consideration. This leads towards failures and insignificant approaches. The focus needs to be on ensuring that there is alignment between the merging firms or else performance of set nature cannot be gained.

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