Аңдатпа
This paper explores the influence of M&A transactions on the financial performance of US and European companies.We have studied the sample of 138 M&A transactions performed within these two regions during the period between 2014 and 2018.We investigate the correlation between return on sales (ROS) and such variables as equity-to-enterprise value ratio.Moreover, we observe the impact of the financial crisis and industry-relatedness to M&A parties on the performance of a merged company.Most of the corporations studied both in the USA and in Europe were profitable, and remained so after mergers and acquisitions.However, despite the fact that positive values were found for the studied variables, tests for the analysis of average values in the sample show a significant deterioration in ROS in both regions.At the same time, in the USA the change in the EBIT/Total Revenue ratio averaged -6.8 %, and in the European countries -5.3 %.Regression analysis did not reveal a significant relationship between mergers and acquisitions and company performance