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Corporate Acquisition Programmes Efficiency

Student: Luka Akhvlediani

Supervisor: Elena Rogova

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Economics (Bachelor)

Year of Graduation: 2020

Significant amount of research on mergers and acquisitions is devoted to non-regular operations. Not many articles can be found on companies that practice the regular M&A program with the goal of growth and maximizing synergies and geographical expansion. Is a regular acquisition strategy effective and how much does it affect company performance? Mergers and acquisitions are the main source of Amazon expansion, and given the number of companies acquired and the company's rapid growth in the market, the results of the study are unlikely to surprise and show a direct relationship between the implementation of this strategy and the company's growth. The event study method will evaluate the effectiveness of such a strategy, and the CAR tool will be used for this. We will see the accumulated effect of all acquisitions over 23 years on the value of the company.

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