A research report submitted to the Faculty of Commerce, Law and
Management, University of the Witwatersrand, in partial fulfilment of the
requirements for the degree of Master of Management specialising in
Entrepreneurship and New Venture Creation
Johannesburg, 2016 / This study was aimed at investigating what the antecedents are for achieving
financial success in post mergers and acquisitions, particularly in the field of
commercial property in an emerging economy. This study sought to understand
the reasoning and the value addition behind mergers and acquisitions activities in
the real estate sector.
This paper used empirical research to conduct the investigation of the
hypothesised relationship between financial performance and three key
independent variables, namely; corporate entrepreneurial culture, resource
sharing and infrastructure support. An analysis by testing the hypotheses that
predict the relationships of the variables was undertaken through various statistical
models.
Mergers and acquisitions often take place in entrepreneurially oriented
organisations as a means of increasing competitiveness, productivity and growth,
therefore this paper tests the financial performance post mergers and acquisitions
transactions. It also tests the role of corporate entrepreneurship and corporate
culture (corporate entrepreneurial culture) specifically on the impact that it has on
financial performance.
Understanding the financial performance relationship with other variables is
significantly important because it is argued by some researchers that the benefits
of mergers and acquisitions sturdily enhance revenue growth through market
share, create economies of scale through cost efficient methodologies and often
produce tax gains. This paper tests the validity of these theories. / MT2016
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:wits/oai:wiredspace.wits.ac.za:10539/21508 |
| Date | January 2016 |
| Creators | Makatini, Phumelele |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | application/pdf |
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