Corporate mergers and accounting performance during a period of economic crisis: evidence from Greece

摘要: Merger deals are one of the most important business strategies which can change company value dramatically. Mergers have been constantly a subject debate and analysis over past decades. Thus, it is matter great interest to analyze merger activities during economic crisis periods, as was in Greece recently. This paper explores accounting performance Greek listed companies after mergers 2009–2015, period Greece. all above initially examined through several financial ratios from statements for year before merger. The that comprise final sample performed with regression models. study provides positive statistically significant results mergers, sense took place positively correlated measures. Regarding industry relatedness, evidence conglomerate more impact improvement companies’ profitability than non-conglomerate mergers. Last, events take far climax crisis, merged increased.