What Matters in University Mergers: Students’ Feedback on Organizational Change
Mergers are common practice in higher education systems around the world, and merger-related aspects, such as the transformation of organizational and administrative structures, the impact on internal funding allocation mechanisms or changes in academic strategies and profiles, are well researched. Besides the issues of funding after a merger or organizational structure transformation, one of the most common problems is the “human factor.” It includes differences of university cultures in merging universities, protests before the mergers and conflicts afterwards ignited by university staff and especially students. But the role of students in university mergers and their understanding of these processes are hardly investigated at all. So, research is necessary to find better managerial decisions during merger processes and to understand actual students’ interests in contemporary universities overall. The first step is to clarify the most sensitive changes for students during university mergers.
The main focus of the article is the question if mergers, takeovers, and organizational restructuring lead to increased university efficacy. The task of defining efficacy with several “input” and “output” performance indicators nowadays is easily solved by a data envelope analysis (DEA). Two models for evaluating educational and academic efficacy of a university. Calculations use DEA model oriented towards input (Input Orientated) with constant return to scale (Constant Returns to Scale, CRS). In order to conduct comparative analysis of groups of universities undergoing restructuring process of different magnitude the authors suggest several university classifications: according to the number of merged and/or liquidated units; restructuring completion period; restructuring mechanism type; including mid level professional education into the university under evaluation. In order to test the suggested hypotheses the authors used non parametric statistic methods of average comparison. The pool for this research covered 132 universities with the Russian Federation Ministry of Education and Science as a founder. The research has not identified decreased efficacy of universities as a result of restructuring process. It has turned out that universities actively participating in restructuring processes have become more effective in comparison with other universities. The research has not observed the effect of temporary decrease and following growth of efficacy at organizations undergoing mergers or takeovers. The research has not supported the hypothesis of decreasing university efficacy as a result of taking over mid level professional education institution. The results of the research clearly indicate the lag in efficacy as compared to the leading competitors where 2010 is a reference year. The authors understand that testing whether suggested hypotheses are true or false and require more detailed research of the university as compared to 2010. As many countries have accumulated sufficient experience of higher education restructuring the results of research into Russian universities restructuring making a comparison of the efficacy of the leading competitors according to numbers in 2010. The authors understand that it will take time to see if their suggestion are true or false. As foreign higher education restructuring materials can be easily downloaded. The results of the research of Russian Federation universities restructuring allow for provide conclusions, using accumulated theoretical concepts for explaining and predicting possible consequences of using different restricting mechanisms. The article uses academically acknowledged envelope data analysis method. This method is for the first time used to compare university efficacy in dynamics.
This paper presents an empirical analysis of the Russian market of mergers and acquisitions in 2003-2012. This analysis allowed for the conclusion that, to assess and forecast the integration activity of Russian companies, the most precise and appropriate models are seasonal autoregressive integrated moving average models built on weighted observations to eliminate the effect of the structural changes which are characteristic of developing economies. Forecasting the values of development of the market for corporate control may serve as “input” information to form a prompt regulation system for the mergers and acquisitions of holding companies, which meets current needs.
This paper presents an empirical analysis of the Russian market of mergers and acquisitions (the largest market for corporate control in Central and Eastern Europe) in 2003-2012 in terms of the total volume and value of the merger and acquisition deals of the holding companies. This analysis allowed for the conclusion that, to assess and forecast the integration activity of holding companies, the most precise and appropriate models are seasonal autoregressive integrated moving average models built on weighted observations to eliminate the effect of the structural changes which are characteristic of developing economies. Forecasting the values of development of the market for corporate control may serve as “input” information to form a prompt regulation system for the mergers and acquisitions of holding companies, which meets current needs. The presented analysis makes it possible to work out measures of public policy to increase the efficiency of the integration activity of holding companies.
There is a small number of empirical studies on financial instability (the trend towards bankruptcy) of Russian insurance companies. The aim of the study is to prove two hypotheses. The first is the market share of the insurance company is the opposite of its propensity to bankruptcy; the second is to the Russian insurance market there is a tendency to oligopolization. In our study, methods with a limited set of criteria and multicriteria methods, including those based on multidimensional discriminant analysis, will be used. The basis for the study are 102 insurance companies with varying degrees of market power. The problem under investigation lies in the fact that insolvent insurers have a negative impact on the insurance market in Russia. On the other hand, a significant reduction in the number of insurers leads to the oligopolization of the insurance services market.
Higher education is valued as one of the main sources of civic participation and social benefit. In spite of the significant growth in the number of students over the last 20 years, Russia is still considered to be a country with a low level of civic engagement. Our study aims to respond to this contradictory standing and to explain the causes of student civic engagement. The survey conducted in 10 state universities has shown a difference in civic engagement index values among students from 4 educational programmes. The results of linear regression models have shown that, in addition to the ‘pure teaching effect’, such factors as religiosity and social capital influence student civic engagement.
In 2006, Russia amended its competition law and added the concepts of ‘collective dominance’ and its abuse. This was seen as an attempt to address the common problem of ‘conscious parallelism’ among firms in concentrated industries. Critics feared that the enforcement of this provision would become tantamount to government regulation of prices. In this paper we examine the enforcement experience to date, looking especially closely at sanctions imposed on firms in the oil industry. Some difficulties and complications experienced in enforcement are analysed, and some alternative strategies for addressing anticompetitive behaviour in concentrated industries discussed.
портовый менеджмент, показатели деятельности, анализ эффективности, система учета, распределение издержек, методы анализа деятельности портовой системы
At present many industries reveal tendency for setting up of vertically integrated companies (VIC) the structure of which unites all technological processes. This tendency proved its efficiency in oil industry where coordination of all successive stages of technological process, namely, oil prospecting and production -oil transportation - oil processing - oil chemistry - oil products and oil chemicals marketing, is necessary. The article considers specific features of introduction of "personnel management" module at enterprises of oil and gas industry.
vertically integrated companies; personnel management