Abstract:

The purpose of the article is to check whether the experience gained during previous M & A transactions have an impact on the results achieved by the companies during next M&A transaction. Verification of the research hypothesis is carried out using regression analysis and the median equality test. Based on the results of the study, it can be concluded that companies disclosing the value of the company, and thus having experience in M & A transactions, are larger in terms of assets and sales. Regression analysis did not confirm that the variable determining experience in M & A transactions is statistically significant to determine the profitability of assets. The research used financial data of the Polish acquirer companies in the years 2005-2012.