بررسی عوامل مؤثر بر عملکرد شرکت های اکتساب کننده پذیرفته شده در بورس اوراق بهادار تهران

محورهای موضوعی : دانش سرمایه‌گذاری

محمد رضا اقبال ¹ (دانشجوی دکتری مهندسی مالی، واحد بابل، دانشگاه آزاد اسلامی، بابل، ایران .)
سیدعلی نبوی چاشمی ² (گروه مالی، واحد بابل، دانشگاه آزاد اسلامی، بابل، ایران.)
ناصر یداله زاده طبری ³ (گروه مالی، واحد بابل، دانشگاه آزاد اسلامی، بابل، ایران.)

تاریخ دریافت : 1398/11/04 تاریخ پذیرش : 1399/08/14 تاریخ انتشار : 1402/01/01

کلید واژه: اکتساب, نرخ بازده سرمایه گذاری, نرخ بازده دارایی ها,

چکیده مقاله :

قابل تامل ترین و چالش برانگیزترین مسائل عصر حاضر، حرکت به سمت جهانی شدن می باشد. یکی از استراتژی های مناسب برای رشد و توسعه شرکت هایی که در یک محیط با تغییرات زیاد فعالیت می کنند و همواره باید آماده واکنش باشند اکتساب است. هدف مطالعه حاضر بررسی عوامل تأثیرگذار بر عملکرد شرکت های اکتسابی می باشد. جامعه مورد بررسی پژوهش تمامی شرکتهای پذیرفته شده در بورس اوراق بهادار تهران می باشد که در سال‌های 1392 تا 1396 در فرایند اکتساب واقع شده باشند، و تعداد 48 شرکت از به عنوان شرکت‌های اکتسابی شناسایی و نمونه آماری پژوهش حاضر را تشکیل می‌دهند. نتایج حاکی از آن بوده است که متغیر اکتساب، دارایی های نامشهود و اندازه شرکت ها با شاخص ROA رابطه مثبت دارد. بعلاوه، متغیر اکتساب و متغیر اندازه با عملکرد شرکت ها با توجه به شاخص ROE رابطه مثبتی را نشان داده است.

چکیده انگلیسی:

Moving toward globalization is one of the most contemplative and challenging issues of today. One of the best strategies for the growth and development of companies that operate in a changing environment and always be ready to respond is acquisition. The purpose of this study is to investigate the factors affecting the performance of the acquirer companies. The study population is all companies listed in the Tehran Stock Exchange that were in the acquisition process from 2013 to 2016, and 48 of them were identified as acquisition companies and the statistical sample of the present study. The results indicated that the acquisition variable, intangible assets, and size of companies were positively correlated with ROA. In addition, the acquisition and size variables have a positive relationship with corporate performance with respect to ROE.

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