Bibliographic citations
Pariona, A., Varas, R., Raa, R., Mogollón, P. (2018). Buenas prácticas financieras en el proceso de fusiones por absorción en empresas peruanas que cotizan en la Bolsa de Valores de Lima [Pontificia Universidad Católica del Perú]. http://hdl.handle.net/20.500.12404/12723
Pariona, A., Varas, R., Raa, R., Mogollón, P. Buenas prácticas financieras en el proceso de fusiones por absorción en empresas peruanas que cotizan en la Bolsa de Valores de Lima []. PE: Pontificia Universidad Católica del Perú; 2018. http://hdl.handle.net/20.500.12404/12723
@mastersthesis{sunedu/2655878,
title = "Buenas prácticas financieras en el proceso de fusiones por absorción en empresas peruanas que cotizan en la Bolsa de Valores de Lima",
author = "Mogollón Olivos, Patricia",
publisher = "Pontificia Universidad Católica del Perú",
year = "2018"
}
One of the strategies that are developed by companies is business concentration; and among these, two clearly show up: Mergers and Acquisitions. The objectives that are searched by corporations when they choose any of these strategies are diverse, being the ones that stand out: the search for synergies, cost savings, economies of scope and scale, and the search for value creation for the acquiring company and its shareholders. Nevertheless, in Peru this strategy has not been fully exploited, as it has been done with success in other countries of the region, due to the fact that there are no standardized financial practices that serve as a pattern in the industries. Consequently, there is a need to conduct an investigation that identifies which are the financial best practices within the framework of the merger by absorption processes. For that purpose, ratios related to value creation were obtained for a sample conformed by companies that were listed on the Lima Stock Exchange and that completed mergers by absorption during the period 2000 – 2012, and they were compared with a list of financial practices that were identified through interviews with personnel of the companies belonging to the sample. The results of the comparison between the financial practices and the value creation indicators showed that the due diligence process, the determination of the real opportunity cost of the investor, the consideration of value creation indicators, the monitoring and control through financial indicators, and the identification of the target company during the financial planning process, constitute good financial practices due to the fact that, through these, there was value creation.
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