Fusiones y adquisiciones entre empresas de servicios financieros o bancos y fintechs
Palabras clave:
Adquisiciones Fintech, desempeño financiero, diferencias en diferencias, análisis de subgrupos, fusiones y adquisicionesResumen
Objetivo: Analizar si la adquisición de fintech mejora el desempeño financiero de firmas de servicios financieros tradicionales, y cómo varían estos efectos según el país y el sector del objetivo.Metodología: Utilizamos un enfoque de diferencia en diferencias (DiD) con corrección de Mundlak sobre datos de panel para estimar efectos causales de adquisiciones fintech.Resultados: El análisis por subgrupos revela que adquirir fintechs de Japón y Australia mejora significativamente el ROE, mientras que adquisiciones desde España, India, Alemania y Canadá muestran efectos heterogéneos y en muchos casos negativos.Limitaciones: La disponibilidad de datos financieros y factores no observados, es una limitación. Los resultados no son generalizables fuera del periodo o sectores analizados.Originalidad: Aporta nueva evidencia causal sobre el impacto financiero de adquisiciones fintech, utilizando un algoritmo iterativo para buscar efectos heterogéneos por subgrupo.Conclusiones: Los efectos de adquisiciones fintech dependen del contexto. Las características sectoriales y geográficas deben considerarse en la planificación estratégica de M&A.Descargas
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Derechos de autor 2025 Rebeca Minerva Garcia Villalobos, Luis Arturo Bernal Ponce, Adriana Ramírez Rocha
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