并购的趋势与风险:综述

IF 2 Q2 BUSINESS, FINANCE
Risks Pub Date : 2024-09-09 DOI:10.3390/risks12090143
Manuel García-Nieto, Vicente Bueno-Rodríguez, Juan Manuel Ramón-Jerónimo, Raquel Flórez-López
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引用次数: 0

摘要

本研究探讨了近期文献中确定的并购(M&A)中的风险因素,以解决以下问题:"近期学术文献讨论了哪些与并购交易相关的风险因素?采用综合搜索策略,使用与并购风险相关的目标关键词,进行了半系统性文献综述。根据论文的质量和相关性筛选出 2020 年至 2024 年的论文,并对摘要和标题进行了详细审查。使用 VOSviewer 软件(1.6.20 版)进行共现分析,对关键主题进行分类。对 118 篇论文的审查确定了四个主要风险类别:信息不对称;业绩和公司声誉;诉讼和投资者保护;以及地缘政治因素。研究结果表明,这些风险之间存在着复杂的相互依存关系,突出表明有必要采取综合方法进行风险管理。企业社会责任(CSR)对于降低风险、提高透明度和声誉至关重要。本研究就更好的财务信息披露、稳健的环境、社会和治理战略以及在并购活动中整合区块链等数字金融技术提出了建议。未来的研究应包括并购风险动态纵向研究、公司治理案例研究、先进的估值方法以及跨地区和跨行业的比较分析,重点关注人工智能和区块链等新兴技术。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Trends and Risks in Mergers and Acquisitions: A Review
This study examines risk factors in mergers and acquisitions (M&As) identified in the recent literature, addressing the following question: “What risk factors associated with M&A transactions are discussed in the recent academic literature?” A semi-systematic literature review was conducted using a comprehensive search strategy with targeted keywords related to M&A risks. Papers from 2020 to 2024 were selected based on quality and relevance, with detailed review of abstracts and titles. Co-occurrence analysis using VOSviewer software (version 1.6.20) was applied to categorize key themes. The review of 118 papers identified four main risk categories: information asymmetry; performance and corporate reputation; litigation and investor protection; and geopolitical factors. Findings reveal complex interdependencies among these risks, highlighting the need for a holistic approach to risk management. Corporate social responsibility (CSR) is crucial for mitigating risks, improving transparency, and enhancing reputation. This study offers recommendations for better financial disclosures, robust environmental, social and governance strategies, and the integration of digital finance technologies as blockchain in M&A activity. Future research should include longitudinal studies on M&A risk dynamics, case studies on corporate governance, advanced valuation methods, and comparative analyses across regions and industries, focusing on emerging technologies like AI and blockchain.
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来源期刊
Risks
Risks Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)
CiteScore
3.80
自引率
22.70%
发文量
205
审稿时长
11 weeks
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