Key Elements Employed by New Zealand Listed Companies in Acquisitions
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Authors
Potter, William Edward Gotham
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Degree
Master of Applied Management
Grantor
Southern Institute of Technology
Date
2024-09
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Alison
Alison
Type
Masters Dissertation
Ngā Upoko Tukutuku (Māori subject headings)
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ANZSRC Field of Research Code (2020)
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Abstract
Globally, mergers and acquisitions have a poor reputation of failing to achieve their strategic goals. The purpose of this project is to identify the key elements that should be used in acquisitions and promote their application in New Zealand public listed companies to increase the probability that the acquisition creates shareholder value and increases company performance. The study sought information, by way of a questionnaire, from listed NZ companies that made acquisitions during the 12 months ending 31 March 2022. This information was confidential. It also used secondary research to obtain data and information data and information for the same period that was publicly available. The major findings from responses were that no company was using all the elements, and that no correlation was found for the use of the elements and earnings per share or share price performance, the criteria for judging success, for the population. Despite the amount of research on the key elements and the history of merger and acquisition there appears to be a lack of application of all the principles in practice. Future studies should cover a longer period of NZ acquisitions and determine the success or failure after two full financial years following the transition. There is also a need for the study of mergers and acquisitions in management courses to equip graduates with the knowledge to increase the probability of success in future mergers and acquisitions.
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CC BY-NC Attribution-NonCommercial 4.0 International