Fusiones y adquisiciones para la sostenibilidad de las empresas en los mercados emergentes en una época de vicisitudes: un análisis de la literatura

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Joan Lilian Ogendo https://orcid.org/0000-0002-2167-0455
Jared Ariemba https://orcid.org/0000-0002-4902-0630


Fusiones y Adquisiciones, Era Vaga, Sostenibilidad Empresarial, Mercados Emergentes, Gobierno Corporativo


Las fusiones y adquisiciones son los modos más populares de crecimiento empresarial externo. La sostenibilidad de las empresas, que busca la rentabilidad presente sin comprometer la capacidad de obtener beneficios en el futuro, se ha visto sometida a serios desafíos en un entorno de incertidumbre. Mientras que la literatura académica sugiere que en periodos de incertidumbre fundamental se produce un declive de las fusiones y adquisiciones, este documento analiza un cuerpo de investigación emergente que sugiere que las operaciones de fusión y adquisición en una era de incertidumbre realmente aportan más valor en comparación con las realizadas en condiciones económicas normales, que en la mayoría de los estudios empíricos no aportan mucho valor para el adquirente. Por lo tanto, este documento sugiere que las empresas de los mercados emergentes pueden utilizar las fusiones y adquisiciones en una época de recesión para ofrecer un valor superior a los accionistas. También sostiene que las fusiones y adquisiciones son una cuestión de gobierno corporativo, porque es en el consejo de administración donde se aplica la estrategia global de la empresa, incluidas las diversas opciones de crecimiento de la misma. Sin embargo, es necesario seguir investigando sobre las fusiones y adquisiciones en una época de indefinición en varias regiones de los mercados emergentes.


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