摘要：This paper examines the impact of post-acquisition restructuring on performance,based on a sample of Serbian acquired companies during the period 2002-2011.Using exploratory factor analysis,two new factors of postacquisition restructuring on performance were identified:the first one refers to organizational restructuring,and the second factor refers to portfolio restructuring(divestitures).By using multiple regression analysis,we tested the impact of organizational and portfolio restructuring on post-acquisition performance.The results of analysis indicate that organizational and portfolio restructuring do not have statistically significant impact on post-acquisition performance.Additionally,the results have shown that there are statistically significant differences on implemented activities of organizational restructuring between manufacturing and service sectors.Organizational restructuring was implemented to a greater extent in companies belonging to manufacturing sector than in companies belonging to service sector.
其他摘要：Rad istražuje uticaj postakvizicionog restrukturiranja na performanse,na primeru kompanija u Srbiji koje su bile predmet preuzimanjau periodu od 2002 do 2011.godine.Primenom eksplorativne faktorske analize identifikovano je dva faktora postakvizicionog restrukturiranja:prvi, koji se odnosi na organizaciono restrukturiranje i drugi,koji se odnosi na portfolio restrukturiranje(dezinvestiranje).Uticaj organizacionog i portfolio restrukturiranja na postakvizicione performanse testiran je primenom višestruke linearne regresije.Rezultati analize ukazuju da organizaciono i portfolio restrukturiranje nema statističi značajan uticaj na postakvizicione performanse u posmatranom periodu.Dodatno,rezultati su pokazali da postoji statistička značajna razlika u implementiranim aktivnostima organizacionog restrukturiranja između proizvodnog i uslužnog sektora. Organizaciono restrukturiranje je u većem stepenu implementirano u kompanijama iz proizvodnog sektora.
