Determinants of M&A performance in Emerging Capital Markets

Student: Tsaturov Armen

Educational Programme: Corporate Finance (Master)

Year of Graduation: 2018

This paper is devoted to the M & A transactions effectiveness analysis on the Russian market. We consider the excess accumulated return on shares as the main deal efficiency parameter. The main goal of the work is to analyze and determine the factors that effect the efficiency of transactions of Russian companies. As the main outcome of the work, the author comes to the conclusion that the public status of the target company has a positive effect on the efficiency of the transaction on the Russian market. The author also notes the specificity of Russian mergers and acquisitions deals that appears in insufficient quality and quantity of the available information.

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