| Abstract [eng] |
The main objective of this master's thesis is to determine the impact of acquisitions on company performance and value. The thesis consists of three main parts: literature analysis, research and results, conclusions and recommendations. The analysis of the scientific literature shows the theories of the motives of M&A, presents the types of M&A, their advantages, and disadvantages, and indicates the benefits that companies can achieve from M&A transactions. The first part of the master's thesis involves a comparative analysis of scientific literature by Lithuanian and foreign authors, graphical and statistical data analysis, and grouping of primary and secondary sources. The second part employs graphical and statistical data analysis. The third part includes data collection, statistical analysis, comparative analysis, financial ratio analysis, horizontal and vertical analysis. Summarization is a key method throughout the thesis. After reviewing the scientific literature, the author conducted a study on the impact of acquisitions on company performance and value, a topic extensively studied abroad. The research revealed that acquisitions generally have a significant positive impact on company performance and value. While the primary reasons for initiating acquisitions are often related to improving the external business environment, such as increasing market share and enhancing competitive position, the results typically bring internal benefits. These benefits include increased operational profitability, improved capital structure, higher market value, and more efficient liquidity management. Conclusions and recommendations summarize the efficiency methods and relative indicators and the results of the conducted research. The author believes that the results of the study could provide useful guidelines for companies that intend to make acquisitions and help companies that have already made acquisitions to maximize the benefits of these transactions. |
