THE EFFECTS OF CAPITAL STRUCTURE OF THE COMPANY TAKING OVER ON THE GOODWILL OR NEGATIVE GOODWILL DISCLOSED IN THE MERGING PROCESS

Keywords:
mergers, acquisition, goodwill, capital structure.

Abstract:
The purpose of the paper is to examine the dependency between the capital structure of the companies taking over other companies and the goodwill disclosed as a result of the merger. The paper uses the data of the Polish companies merging in the period between 2002-2013. The formulated research hypothesis regarding the existence of a correlation between the D/E (debt to equity) ratio and the value of the company (goodwill) was positively verified for the mergers completed after 2009 (upon the financial crisis manifested in Poland). This study uses linear regression analysis.

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P. Luty, “THE EFFECTS OF CAPITAL STRUCTURE OF THE COMPANY TAKING OVER ON THE GOODWILL OR NEGATIVE GOODWILL DISCLOSED IN THE MERGING PROCESS,” in FINIZ 2015 - Contemporary Financial Management, Belgrade, Singidunum University, Serbia, 2015, pp. 17-22. doi: 10.15308/finiz-2015-17-22 

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Luty, P. (2015). THE EFFECTS OF CAPITAL STRUCTURE OF THE COMPANY TAKING OVER ON THE GOODWILL OR NEGATIVE GOODWILL DISCLOSED IN THE MERGING PROCESS. Paper presented at FINIZ 2015 - Contemporary Financial Management. doi:10.15308/finiz-2015-17-22

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