Ekonomika a management 2016/4

Akviziční hodnotová analýza Akvizice & přeměny v České republice

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Iveta Mackenzie

Studie se zabývá hodnocením úspěšnosti akvizic & přeměn. Shrnuje aktuální přístupy a poté představuje vlastní metodu hodnocení – akviziční hodnotovou analýzu. Akviziční hodnotová analýza hodnotí finanční výsledky participujících podniků ve střednědobém horizontu šesti let; měřena je dynamika přínosů / ztrát pro jednotlivé stakeholdery – vlastníky, věřitele, zaměstnance. Analyzovány jsou akvizice & přeměny, které proběhly v České republice v období 2007 – 2010. Prosperita vlastníků, zatímco ostatní stakeholdeři – věřitelé a zaměstnanci ztráceli, byla zjištěna převážně u cílových společností. Prosperita všech zájmových skupin – vlastníků, zaměstnanců i věřitelů byla zjištěna ve střednědobém horizontu zejména u podniků v roli akvizitora.

JEL klasifikace: G34, L25, M21

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