Desempeño financiero posterior de fusiones y adquisiciones de empresas públicas mexicanas

Viviana Lambretón Torres; Judith Villarreal Escamilla; Ezequiel Montemayor Garza; Juan Lechuga Elizondo; Laura Quiroga Galindo

doi:10.29105/rinn17.34-1

Authors

Viviana Lambretón Torres University of Monterrey https://orcid.org/0000-0002-5729-712X
Judith Villarreal Escamilla University of Monterrey
Ezequiel Montemayor Garza University of Monterrey
Juan Lechuga Elizondo University of Monterrey
Laura Quiroga Galindo University of Monterrey

DOI:

https://doi.org/10.29105/rinn17.34-1

Keywords:

ratio analysis, mergers and acquisitions, pre and postperformance

Abstract

Mergers and acquisitions have become a common strategy for business growth and consolidation, however, it has been found that in most cases this objective is not achieved since there is a lack of knowledge of the factors that affect post M&A performance. This study aims to measure the
change in financial metrics after 24 mergers and acquisitions in Mexico during 2013 and 2014. The Wilcoxon test is used to determine the significance of the change in subsequent performance. The results obtained show, in most of the financial ratios analyzed, a negative impact on subsequent financial performance and value creation. A robust regression model was used in order to identify some of the factors that cause their success or failure. An analysis of these factors could help to understand and implement corrective measures to achieve successful planning and implementation.

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Author Biography

Viviana Lambretón Torres, University of Monterrey

Viviana Lambreton Torres

Profesor Asociado

Departamento de Contabilidad

Universidad de Monterrey

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