Artikel

El impacto de las fusiones y adquisiciones en la distribución del ingreso y el pib: América Latina, 1990-2014

The paper reviews the factors accounting for Mergers and Acquisitions (M&As). It then discusses the evolution of M&A trades, their relative importance and the economic sectors that have been influenced by M&As in sixteen Latin-American economies during 1990-2014. An integral model is developed with the aim of assessing both the impact of M&As on Gross Domestic Product (GDP) and the link between the value of M&A transactions and profits so as to determine the effects of profit share changes on private consumption, private investment and exports. The conclusion is reached that the elasticity of GDP with respect to the value of M&As is negative in countries such as Chile, Peru and Mexico. A larger value of M&As tend to redistribute income towards profits and impart a negative impact on output. The impact for other Latin American economies in our sample is either slightly positive or uncertain.

Sprache
Spanisch

Erschienen in
Journal: Investigación Económica ; ISSN: 2594-2360 ; Volume: 78 ; Year: 2019 ; Issue: 307 ; Pages: 54-89 ; Ciudad de México: Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía

Klassifikation
Wirtschaft
Factor Income Distribution
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Economywide Country Studies: Latin America; Caribbean
Thema
Mergers and acquisitions
Latin America
macroeconomic impacts

Ereignis
Geistige Schöpfung
(wer)
Alarco Tosoni, Germán
Ereignis
Veröffentlichung
(wer)
Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía
(wo)
Ciudad de México
(wann)
2019

DOI
doi:10.22201/fe.01851667p.2019.307.68449
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Alarco Tosoni, Germán
  • Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía

Entstanden

  • 2019

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