The sale of Costa Rican companies to foreign investment: an academic perspective
PDF (Spanish)

Keywords

Business Administration
Company acquisitions
Foreign Investment in Costa Rica
Entrepreneurial Growth in Costa Rica
Business School Survey.

How to Cite

Murillo Scott, C., Orlich Dundorf, E., Elizondo Castillo, A., & Zeledón Ruiz, M. del P. (2013). The sale of Costa Rican companies to foreign investment: an academic perspective. Revista De Ciencias Económicas, 31(1), 245-261. https://doi.org/10.15517/rce.v31i1.10641

Abstract

The School of Business and the Institute for Research on Economic Sciences of the University of Costa Rica, hereby present the most important results of the first phase of an exploratory work about the conditions affecting the dynamics of the selling of local capital companies to foreign companies or conglomerates, during the last 10 years (2002-2012). The present article deals with the perspective of a group of twenty five professors with varied amount of knowledge and experience in the field, which allows a preliminary approach to the matter, in this case, from the academic point of view. First hand experiences are also present in these initial results, due to the direct involvement of some of the participants in the buying-selling processes to which this work is referring. In this way, we offer the academic and other interested sectors, national and international, one first perception about this phenomenon and its relation with the role that it will probably play in the teaching processes of local schools of business and their impact on cultural, social, economic and academic development of the country.

 

PDF (Spanish)

References

American Appraisal and Mergermarket (2011). Global M&A Valuation Outlook 2011, 30 de agosto de 2012, disponible en http://mergermarketgroup.com/publication/global-ma-valuation-outlook/#.UUnS2jjgjEq

Barquero, M. (2013). Sigma afianza el segundo lugar en mercado lechero. La Nación. Miércoles 03 de abril, pág. 22A.

Bower, Joseph L. (2001). “Not All M&A Are Alike and That Matters”. Harvard Business Review. Marzo, pp. 93‑101.

Cfr. Camacho, A. C. (2012). Capital tico se queda en casa. El Financiero, N.° 860. Del 12‑18 de marzo de 2012, pág. 06.

Dolz, Consuelo, y María Iborra. (2007). “Enfoques estratégicos y creación de valor en las adquisiciones: las aportaciones del enfoque basado en conocimiento”. Quadern de Treball. Facultad d’Economía, Universidad de Valencia, octubre 2007.

Jemison, D., y Sitkin, S. (1986). “Corporate Acquisitions: A Process Perspective”. The Academy of Management Review, 11, pp. 145‑163.

Marín Ximénez, J. N., y Ketelhohn Escobar, W. (2011). Fusiones y adquisiciones en la práctica. México: Cengage Learning.

Mergermarket (2012a). Press Release, Mergermarket M&A Round‑Up for 2012, 14 de enero de 2013, disponible en: http://www.mergermarket.com/pdf/mergermarket_Legal_Advisor_Round_Up_2012.pdf

Mergermarket (2012b). Press Release, Mergermarket M&A Round‑Up for H1 2012, 5 de julio de 2012.

Ravenscraft, David J., & Scherer, F. M. (1987). Mergers, Sell‑Offs and Economic Efficiency. Washington, DC: The Brookings Institution.

Revista Summa (2009). Especial fusiones & adquisiciones: fusiones y adquisiciones en la región. Diciembre. San José, Costa Rica, pp. 2‑9.

Revista Summa (2010, julio). Fusiones y adquisiciones (pp. 22‑25). San José, Costa Rica. Autor.

Revista Summa (2011, febrero). Semestre dinámico (pp. 60‑62). San José, Costa Rica. Autor.

Revista Summa (2011, septiembre). Fusiones y adquisiciones (pp. 22‑24). San José, Costa Rica. Autor.

Revista Summa (2012, abril). Actividad en ebullición (pp. 52‑54). San José, Costa Rica. Autor.

Revista Summa (2012, noviembre). M&A en movimiento (pp. 22‑23). San José, Costa Rica. Autor.

Rodríguez, O. (2013). Empresarios ticos pierden el temor a las compras y fusiones. La Nación. San José, lunes 08 de abril, pág. 24A.

Rossi, S., and Volpin, P. (2003). Cross‑Country Determinants of Mergers and Acquisitions (September 2003). ECGI – Finance Working Paper No. 25/2003; AFA 2004 San Diego Meetings; EFA 2003 Annual Conference Paper No. 251. Available at SSRN: http://ssrn.com/abstract=395020 or http://dx.doi.org/10.2139/ssrn.395020

Salter, Malcolm S., and Wolf, A. Weinhold. (1979). Diversification via Acquisition: Strategies for Creating Economic Value. The Free Press, New York.

Sanfilippo, Sergio. (2004). Fusiones y adquisiciones bancarias: características e implicaciones de las operaciones realizadas por las entidades de crédito europeas. Tesis doctoral. España: Universidad de Cantabria.

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 Unported License.

Copyright (c) 2013 Carlos Murillo Scott, Ernesto Orlich Dundorf, Alejandro Elizondo Castillo, María del Pilar Zeledón Ruiz

Downloads

Download data is not yet available.