M&A Synergies in Domestic M&A Deals in Russia in 2006–2014
DOI:
https://doi.org/10.21638/11701/spbu18.2016.201Abstract
This article aims to develop econometric model suitable for valuation of synergies in Russian domestic M&A deals. The authors test several empirical hypotheses about factors of synergy creation in 2006–2014. The article looks into various ways to estimate synergies based on financial statements of companies that participated in the deal. Success rate of deals and synergy structure is estimated for the whole sample and for growth and crisis periods. Most important factors of synergy are estimated, and robustness of these factors during growth and crisis periods is analyzed.
Keywords:
mergers and acquisitions, synergy, company valuation, emerging markets, strategy, economy of scale
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References
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Published
2016-06-29
How to Cite
Rodionov, I. I., & Mikhalchuk, V. B. (2016). M&A Synergies in Domestic M&A Deals in Russia in 2006–2014. Russian Management Journal, 14(2), 3–28. https://doi.org/10.21638/11701/spbu18.2016.201
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Theoretical and Empirical Studies
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Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.
