Performance of Mergers and Acquisitions of High-Tech Companies in Developed Capital Markets During Various Merger Waves

Student: Bumbar Taras

Educational Programme: Corporate Finance (Master)

Year of Graduation: 2019

The analysis of M&A performance in high-technology sectors is a highly relevant topic of research as the high-technology companies are the main driver of global M&A market during last 25 years. This study is focused on performance of mergers and acquisitions of high-tech companies in developed capital markets during various merger waves and presents the analysis for each wave. The research covers a period of 1993-2018 and includes 1062 deals, which was committed by high-technology companies. The results of the research demonstrate that performance of mergers and acquisitions of high-tech companies in developed capital markets are different during various merger waves. We also conclude that M&A performance is influenced by the size of the company target, deal size and method of payment.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses