Создание синергии во внутрироссийских сделках слияний и поглощений в 2006–2014 гг.

  • Иван Иванович Родионов Национальный исследовательский университет «Высшая школа экономики», Москва, Россия https://orcid.org/0000-0002-5458-1205
  • Виталий Борисович Михальчук Национальный исследовательский университет «Высшая школа экономики», Москва, Россия

Аннотация

Статья посвящена развитию применимой к российскому рынку модели оценки пяти компонентов операционной и финансовой синергии, а также эмпирической проверке гипотез о факторах создания синергии во внутрироссийских сделках слияний и поглощений (M&A) в 2006–2014 гг. Представлены различные способы оценки синергии, основанные на анализе финансовой отчетности участвующих в сделке компаний. Оценена успешность сделок и структура синергии в периоды роста и кризиса на российском рынке M&A. Определены наиболее важные факторы создания отдельных компонентов операционной и финансовой синергии, в том числе в разные периоды развития рынка.

Ключевые слова:

слияния и поглощения, синергия, стоимость компании, развивающиеся рынки капитала, стратегия, экономия на масштабе

Скачивания

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Литература

ЛИТЕРАТУРА НА РУССКОМ ЯЗЫКЕ

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Translation of references in Russian into English

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Опубликован
2016-06-29
Как цитировать
Родионов, И., & Михальчук, В. (2016). Создание синергии во внутрироссийских сделках слияний и поглощений в 2006–2014 гг. Российский журнал менеджмента, 14(2), 3–28. https://doi.org/10.21638/11701/spbu18.2016.201
Раздел
Теоретические и эмпирические исследования