• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Daria Musaelyan
Efficiency of the M&A deals Involving State-owned Enterprises
Corporate Finance
(Master’s programme)
2019
In the 21st century state-owned enterprises have changed dramatically: now these companies are operating in the local and international market and create innovations, develop technologies, invest in socially important and capital-intensive projects with high risks. According to the Federal Antimonopoly Service, every third company has a state participation on the Russian market. The features and effectiveness of transactions of Russian state-owned companies in the market for mergers and acquisitions have not been studied yet, but they have a direct impact on the country's economy.

The purpose of the study is to identify factors affecting the effectiveness of M&A transactions involving state-owned enterprises in Russia. The research is based on 334 deals collected from Thompson One and Capital IQ, with the use of econometric model and elements of the cumulative abnormal return method and factors characterizing deals and companies.

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