The Impact of Scientific and Technological Development on the M&A Intensity of High-Tech Companies From Developed Capital Markets

Student: Iakovleva Ekaterina

Educational Programme: Corporate Finance (Master)

Year of Graduation: 2019

Nowadays mergers and acquisitions are becoming a popular management decision for corporate development and one of the most important ways for external growth. In the research the author analyzes the relationship between M&A intensity and scientific and technological development. The sample is presented by high-tech companies from the countries-members of the Organisation for Economic Co-operation and Development, explored period from 2013 to 2017. In this study regression model based on the panel data analysis was built and key factors affecting the M&A intensity of high-tech companies were determined: gross domestic expenditure on R&D, charges for the use of intellectual property (payments), patent applications of nonresidents.

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