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- Title
LA GENERACIÓN DE VALOR CORPORATIVO A TRAVÉS DE LAS FUSIONES: APLICACIÓN DE LOS MODELOS EVA Y FED.
- Authors
Luisa Saavedra García, María; Marlene Luna Arriaga, Claudia; Jorge Saavedra García, Máximo
- Abstract
The aim of this study was to assess whether mergers have created value in companies measured this, in terms of Economic Value Added (EVA for short) and free cash flow (FCF), and to identify which model provides greater advantages in performing an analysis of the value. To this end we chose telecommunications sector companies listed on the Mexican Stock Exchange, considering two cases of mergers that were the most representative: America Movil and Grupo Iusacell, covering a study period of 5 years (2004-2008). We determined the value of companies and an analysis of indicators DCF, EVA and EBITDA, before and after the merger, the results have revealed that if the merger strategy was effective in creating value in companies EVA this sector and provides greater advantages for analysis of value in this type of strategy compared to EDF and EBITDA.
- Subjects
MEXICO; ECONOMIC value added (Corporations); FREE cash flow; TELECOMMUNICATION; AMERICA Movil SAB de CV; GRUPO Iusacell SAB de CV; STOCK exchanges
- Publication
Compendium, 2012, Vol 15, Issue 29, p21
- ISSN
1317-6099
- Publication type
Article