원문정보
초록
영어
This study investigates whether the post-merger bad performance of merging firms was caused by the increase of cost and which cost is responsible for that, if it were. To do this, it is investigated whether there is any difference in terms of cost between pre-merger versus post-merger firms. Also the comparison of cost is used between merging firms and non-merging control groups. The finding is that the merging firms have a bigger cost than the non-merging control group and the post-merger firms have a bigger cost than the pre-merger firms. Especially labor cost to revenue and depreciation cost to revenue are statistically very different among them. Thus it is suggested that there are inefficiency of manpower and assets.
목차
1. 연구의 배경
2. 연구의 목적
II. 우리 나라 기업합병의 현황
III. 실증분석
1. 분석자료의 설정
2. 연구가설의 설정
3. 변수와 분석모형
IV. 합병기업의 비용항목 분석 결과
1. 합병기업은 통제기업보다 합병 후 비용절감효과를 가지는가?
2. 합병 후 합병기업은 합병 전에 비해 비용절감효과를 가지는가?
V. 결론
참고문헌
Abstract