Prospects of the Russian Market of Mergers and Acquisitions in Conditions of Economic Uncertainty Rukavishnikov

Mergers and acquisitions are a reflection of the internal state of the economy. During the crisis, there is a decline in all economic indicators in the country, including a decrease in the number and volume of mergers and acquisitions. The reasons for reducing the number of these transactions can be...

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Autor principal: D. S. Financial
Formato: article
Lenguaje:EN
RU
Publicado: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2018
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Acceso en línea:https://doaj.org/article/6be90ea497154909b143be98fb11d12a
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Sumario:Mergers and acquisitions are a reflection of the internal state of the economy. During the crisis, there is a decline in all economic indicators in the country, including a decrease in the number and volume of mergers and acquisitions. The reasons for reducing the number of these transactions can be completely different, both internal and external. At the moment, the Russian economy is going through difficult times: it is pressured both by domestic problems and international ones, caused by a tense political situation, complicated relations with the countries of the European Union and the United States.The Russian market of mergers and acquisitions as a mirror of the whole economy is shrinking more and more. The market becomes closed to foreign capital, the share of internal transactions between Russian companies increases every year and concentration of assets in the hands of large private investors and the state. As in previous years, the vast majority of transactions occur in the oil and gas industry, metallurgy and mining. Under the pressure of the Central Bank of the Russian Federation, consolidation of the banking sector is increasing, which also contributes to an increase in the share of mergers and acquisitions. The prospects and opportunities of the Russian M & A market for recovery and subsequent growth are very good, but for their implementation it is necessary that various external and internal conditions be met, including the abolition of American and European sanctions against Russian companies and representatives of the business community.The article provides a general analysis of the state of the Russian market of mergers and acquisitions, and also identifies the problems and difficulties that he faced. The conditions for overcoming the crisis in the market of mergers and acquisitions are grouped and described. These conditions include a set of measures aimed not only at addressing general economic problems, including those related to foreign policy factors, but also at raising the level of investor confidence in the state, which is one of the most important factors in restoring the Russian M&A market (English Mergers & Acquisitions — mergers and acquisitions).The subject of the study is the Russian market of mergers and acquisitions.The subject of the study is mergers (acquisitions) involving Russian companies.In the course of the research, general scientific methods of management theory, expert, statistical and comparative analysis were applied.