INTERNATIONAL WAVES OF MERGERS AND ACQUISITIONS DEALS


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Abstract

Subject of research. Historical action periods of mergers and acquisitions deals.

Objectives. The main objectives of this research are as follows: representation of theoretical aspects that underlie implementation of mergers and acquisitions deals; carrying out analysis of the main historical periods of mergers and acquisitions activity; analysis of the nature and characteristics of each of these stages; review of current tendencies and global trends of further development in the area of corporate mergers and acquisitions deals.

Methodology. In order to achieve these objectives the author has used a retrospective approach, as well as leading domestic and foreign analytical reports and periodicals, statistical data from specialized information agencies and companies’ corporate financial statements.

Results. Within the research 6 international waves of mergers and acquisitions deals have been considered. Particular features have been described for each of these waves that distinguish each historical period. Statistical data in the merger and acquisition area have been analyzed, and that allowed to evaluate global trends and tendencies both in terms of quantity and quality. The most important trend is the gradual shifting of mergers and acquisition activity to the Asia-Pacific region.

Range of application. Company corporate management, structuring of mergers and acquisitions deals, investment banking activity.

Conclusion. Mergers and acquisitions deals tend to grow both in terms of quantity and volume in periods of high economic development, low interest rates, the stock market growth, technological developments and changes in the legal regulations.

About the authors

Artem Dmitriyevich Saratovskiy

Plekhanov Russian University of Economics, Moscow

Author for correspondence.
Email: saratovsky_artem@mail.ru

post-graduate student of Department «World Economy»

Russian Federation

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