Mergers and Acquisitions Mechanisms and Analysis of the Effectiveness of Their Application by Russian and Foreign Companies

Student: Surkova Zhanna

Educational Programme: Economics (Bachelor)

Year of Graduation: 2021

M&A transactions are a powerful and pervasive process that affects the global economy, changing employment patterns, employee incomes and investor behavior. More and more companies are turning to mergers to reap the benefits of expanding markets, increasing productivity and profitability, and tax breaks. This article defines M&A, examines the structure and motives. Methods for researching the effectiveness of M&A have been analyzed in the literature. The effectiveness of M&A is investigated using an event research method based on cumulative anomalous returns. The results of the regression models revealed the positive impact of mergers and acquisitions and determinants on the profitability of the buying company. From the point of view of practical application, the results obtained will be useful in organizing M&A of various sectors.

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