Ocena kondycji finansowej łączących się spółek na przykładzie jednostek z wybranych województw Polski Zachodniej
Assessment of financial position of merging companies based on selected provinces of Western Poland

Summary/Abstract: The purpose of this paper is to examine the financial condition of merging companies. The research comprised merging companies from the provinces of Lower Silesia, Opole, Wielkopolska, Lubusz and West Pomerania in the years 2008–2010. Companies were selected on the basis of entries in the Register Court. The first hypothesis assumed that there is a relationship between financial position and being the acquirer or the target company. The second hypothesis was that in times of economic downturn the ac-quiring companies are in good financial condition. Analysis of financial condition was based on three models of discriminant analysis. Each of these models is characterized by high predictive ability, but for further study the Korol model was selected. Financial statements from one year, two years and three years prior to a merger have been analyzed. The correlation was determined on the basis of V-Cramer coeffi-cient. The results show that there is a weak relationship between financial condition and being the acquir-er or the target company. In addition, there also is a weak relationship between financial condition and the period of economic slowdown.

• Details
• Contents