• Title/Summary/Keyword: 인수합병

Search Result 175, Processing Time 0.025 seconds

Analysis of Mergers and Acquisitions Performance of Korean Construction Corporations by Using Economic Value Added(EVA) (EVA 기법을 활용한 한국 건설기업의 M&A 성과 분석)

  • Choi, Seok-Jin;Kim, Du-Yon;Han, Seung-Heon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
    • /
    • 2007.11a
    • /
    • pp.678-681
    • /
    • 2007
  • There is an increment in Mergers and Acquisitions(M&A) case in international construction market. The world best construction corporations are now merging or acquiring with other companies in variety fields to increase their share of the market in diversified markets and boost their sales. Similarly, M&A cases of Korean construction corporations are now increasing. Although M&A cases are now rapidly increasing, performances of M&A cases haven't been measured. With Economic Value Added technique, the M&A performances of Korean construction corporations are measured in this study.

  • PDF

Assessing the Effects of Knowledge Resource Complementarity on Organizational Performance in Merge and Acquisition (M&A): Focused on Electronic Commerce Industries (인수합병에 있어 지식자원 간 상호보완성이 인수합병성과에 미치는 영향 분석: 전자상거래 산업을 중심으로)

  • Choi, Byounggu
    • Knowledge Management Research
    • /
    • v.14 no.1
    • /
    • pp.95-119
    • /
    • 2013
  • Although merger and acquisition (M&A) has been considered as an important means to improve firm performance, most prior empirical research have failed to prove the relationship between M&A and firm performance. In order to fill this gap, this study attempts to identify the effect of M&A on firm performance based on knowledge resources relatedness and complementarity theory. For this purpose, this study examines complementarity patterns of knowledge resources and their impacts on acquirer's performance using M&A announcements of electronic commerce industry from 2001 to 2007. The results of this study indicate complementarity among knowledge resources are positively related with acquirer's market value. This study contributes to expand knowledge management research by identifying the relationship among knowledge resources and their impacts on firm performance.

  • PDF

An Explorative Study of Big Companies' Expansion Strategies to Digital Businesses (대기업의 디지털 산업 확장 유형의 탐색적 연구)

  • Kim, Iljoo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
    • /
    • v.16 no.6
    • /
    • pp.241-248
    • /
    • 2021
  • Firms have many ways to expand their businesses including M&A. Big companies in online and offline businesses show different ways of expansion with different objectives to expand their digital businesses quickly. Expansions for technical reasons are to acquire technologies they do not have while those for business reasons are M&A for offline companies to have competence in markets by acquiring online companies. Other ways of expansions include spin-off and group participation after investments for startups. Various ways of expansions are chosen because they are optimal choices depending on situations the companies face, and they have different strengths and weaknesses. To analyze the strengths and weaknesses of those options for expansion at this stage would be academically valuable, and also practically meaningful in terms of providing insights for companies' decision making in choosing opitions for expansions. M&A of online companies to make multi-channels by offline companies have risks of failing to internalize online companies and have enough synergy effects. Also, spin-off is a relatively less risky way of expansion while the speed of expansion is slower than establishing external startups with some shares of equity and making them as affiliated companies. External startups are good for speed of expansion while there are risks of legal regulations and negative awareness by the public.

Influence of Communication on Acquired Company Members in the PMI Process : Moderation Effect of the Business Area Consistency between Acquiring and Acquired Company (PMI과정에서 피인수기업 구성원에 대한 의사소통의 영향력 : 인수기업과 피인수기업 간의 사업영역의 일치도의 조절효과)

  • Pan, Xie;Park, Chan-kyun
    • Journal of Venture Innovation
    • /
    • v.6 no.4
    • /
    • pp.113-131
    • /
    • 2023
  • Post-merger integration(PMI) plays a very important role in the success of M&A. Therefore, based on previous studies on PMI, this study discusses the relationship between communication of acquired enterprise members and uncertainty reduction, organizational satisfaction, organizational trust in the PMI process, focusing on the moderating effect of business area consistency between the acquisition and the acquired company. In order to achieve the purpose of this study, the hypothesis of the relationship between variables was established and an empirical analysis was conducted. In order to collect data, a survey was conducted on members of the acquired company in China, and 317 questionnaires were finally collected and used for empirical analysis. For the collected data, the research hypothesis was verified using SPSS 26.0. The results of the study confirmed that communication has a positive effect on the reduction of uncertainty, job satisfaction, and organizational trust perceived by members of the acquired company, and that the consistency in business areas between the acquisition and the acquired company weakens the relationship between communication and uncertainty. In the positive relationship between communication and job satisfaction, organizational trust, the effect of strengthening the moderating variable has not been confirmed, but rather the weakening control effect was found. Based on these findings, the strategy of communicating with the members of the acquired company in the PMI process is meaningful for the success or failure of the merger and provides theoretical and practical implications for proposing differentiated human resources management measures according to M&A type.

A Study on the Merger and Related Taxes (기업합병회계(企業合倂會計)에 관한 연구(硏究))

  • Kim, Ju-Taek
    • Korean Business Review
    • /
    • v.12
    • /
    • pp.139-159
    • /
    • 1999
  • The merger of companies makes it easily that a company get over the limitation of the growth of their internal size. A company can attain its purpose, the growth of itself, merging of existing company. On December 1986, "The Accounting Standards for Business Combinations" were pronounced in Korea. But, some of contents of the standards contain many problems criticized in accounting. The purpose of paper is to examine all kinds of affairs problems resulting from merger in Korea and to present the solutions for the problems. I have reexamined the method and provision of on 1999, "The Accounting Standards for Business Combinations" were pronounced in Korea and developed to the direction of trying to deal with tax affairs reasonably. Next, related to current tax system regarding merger, I have described, centered on tax laws, basic rules and the provisions of taxation on merger corporation and the provision of taxation on shareholders at the time of merger.

  • PDF

일 이동전화 시장 '과도기' 돌입

  • Kim, Jong-Yul
    • 정보화사회
    • /
    • s.180
    • /
    • pp.40-41
    • /
    • 2006
  • 한 단계 도약을 위한 준비운동 차원이랄까, 일본의 이동전화 서비스 사업자 및 제조 업체들이 연이어 인수합병을 추진하고 있다. 내수를 발판으로 국제무대로 진출하고자 하는 의지와 표명으로 풀이된다. 2G의 자국 표준으로 PDC를 선택해 '우물안 개구리' 신세를 면치 못한 한을 3G 시대에서 말끔히 풀겠다는 결의까지 느껴지기도 한다. 최근 변화를 모색하고 있는 일본 이동전화 시장 동향을 짚어봤다.

  • PDF

해외온라인포털 시장

  • Kim, Seong-Mi
    • Digital Contents
    • /
    • no.5 s.156
    • /
    • pp.64-76
    • /
    • 2006
  • 온라인 포털은 1990년 중반 웹브라우저의 급속한 확산을 바탕으로 성장한 기업들이 인터넷 시장에 진입하기 위해 포털 사업부를 설립하거나, 인수합병에 나서면서 1990년대 말부터 시장에서 크게 주목받기 시작했다. 특히, 인터넷 유저들이 포털 사이트를 인터넷의 시작페이지로 활용하면서 온라인 포털은 인터넷 시장의 핵심영역으로 자리 잡았다. 한국소프트웨어진흥원이 발간한 (2005년 해외 디지털 콘텐츠 시장조사)자료를 토대로 해외 온라인포털 시장 동향에 대해서 살펴본다.

  • PDF

기술거래와 M&A-IT업계, M&A로 살길 찾는다

  • Park, Yeong-Tae
    • Venture DIGEST
    • /
    • s.21
    • /
    • pp.9-9
    • /
    • 2003
  • 국내 IT업계에 인수합병(M&A)의 파고가 거세다. 경기불황에 따른 자본시장 위축에도 불구, 최근 들어 굵직굵직한 M&A가 잇따라 성사되고 있다. 소문으로만 그쳤던 지난해까지와는 사뭇 다른 양상이다. 그동안 머니게임식 투기 성격이 짙었던 M&A가 IT업계의 생존전략으로 빠르게 확산되면 활력소로 작용하고 있다.

  • PDF

통계정보(2) - 2010세계 농약시장 어떠했나?(II) -선두 11개사 매출변동 극히 적어 실적 18%부터 -14.9%까지 다양

  • 한국작물보호협회
    • Life and Agrochemicals
    • /
    • s.268
    • /
    • pp.26-30
    • /
    • 2011
  • 선두 11개사의 순위 변동은 극히 적었다. 신젠타는 2위 바이엘과의 매출 격차를 늘려 농약산업계를 선도하였다. 몬산토는 연속 두 자리 수 하락의 부진을 보였다. 스미토모화학이 뉴팜 지분의 20%를, 캠차이나가 막테심-아간 지분 60%매입한 인수합병이 주목할 만하다. 선도회사별 현황을 알아본다.

  • PDF