Bibliographic citations
Morales, J., Vicente, J., Palomino, L., Castillo, W. (2018). Buenas prácticas de valorización en el proceso de adquisición de empresas peruanas que cotizan en la BVL [Pontificia Universidad Católica del Perú]. http://hdl.handle.net/20.500.12404/12761
Morales, J., Vicente, J., Palomino, L., Castillo, W. Buenas prácticas de valorización en el proceso de adquisición de empresas peruanas que cotizan en la BVL []. PE: Pontificia Universidad Católica del Perú; 2018. http://hdl.handle.net/20.500.12404/12761
@mastersthesis{sunedu/2659335,
title = "Buenas prácticas de valorización en el proceso de adquisición de empresas peruanas que cotizan en la BVL",
author = "Castillo Oviedo, Wilson",
publisher = "Pontificia Universidad Católica del Perú",
year = "2018"
}
The purpose of this research is to publicize the Best Financial Practices for the valuation of four companies listed on the Lima stock exchange. This paper presents the results of a descriptive study, whose objective was to identify the valuation practices used by Peruvian companies that made acquisitions in the period 2014 - 2017, for this purpose four leading companies of the industrial sector were selected, taking as reference the Merco ranking, benchmark corporate monitor in Latin America and Spain; and that are listed on the Lima Stock Exchange. The scope of this research is aimed at identifying good valuation practices in the framework of the acquisition of companies, focused on two fronts: Most used valuation methodology, and the success factors that are taken into account to recognize the good performance of a post-acquisition valorization, in the same way, the findings of this work give light of the determining role that the valorization of companies has in the Feasibility assessment of the acquisition of a company; For this purpose, interviews and surveys were carried out with financial managers and senior financial analysts who have participated in some process of acquisition in the temporal scope of this investigation. The interviews were transcribed in the format of the surveys so that later they are codified and normalized according to the methodology defined for the analysis and interpretation of the results. The results of the investigation showed that the most used valuation methodology is the Discounted Cash Flow or Discounted Cash Flow, likewise, it was found that more than one valuation methodology is used to approximate the value of a company, likewise, The following success factors were identified to evaluate the performance of a post-acquisition valuation: (a) variation of projected flows versus actual flows, (b) return on investment, (c) increase in the value of companies (acquired and acquiring ), (d) increase in profits and dividends. It was also found that the valuation of the synergies is the main determining factor for the purchase of a company. Keywords: Valorization, Good Practices, Acquisitions, BVL
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