Assessment of the Impact of Transactions M&A on Innovative Indicators of the Company
M&A on expenses R&D the method the difference of differences (DID – Difference-in-Difference) which founder Meyer B is considered is applied to assessment of the impact of transactions. . The ideas of this method comparison of the companies with various characteristics of expenses R&D before and after the transaction M&A lies. However, at simple comparison of these characteristics will not give effective impact assessments M&A. To avoid influence of other factors on change of expenses R&D, such as economic instability in the country, world shocks of supply and demand and others, besides the main group of the observed companies, to be entered control group. Each company from the main group the company analog from control group is selected so that the company of an analog had no transactions during the period in which the company had a transaction from the main group. Thus, the DID method compares a difference of results of the acquisitions and no acquisitions firms before acquisition. For this method it is necessary to prove the choice of control group – the companies which did not undergo acquisition process. The trial and error method of control group on index of coincidence (PSM – Propensity Score Matching) [by The Central role …, was for this purpose applied 1983 Rosenbaum P.]. Selection on the basis of mark assessment allows to define control group which on the main characteristics would not differ from group of the acquainted firms
Intellectual property law enshrines the monopoly of the copyright holder. It is absolutely necessary that this monopolism of the right holder does not contradict the public interest. The sphere of private and public relations in intellectual property law is currently one of the most relevant in the world. It causes interest in Russia. Separate articles have been published on this topic, but in the form of a monograph it is presented for the first time in this collected articles. Under the cover of this work are collected the articles of the authors whose views, academic schools, the practical experience are differ. We believe that this is an advantage of this collected articles, because it gives an idea of how difficult it is to achieve a balance between the monopolism of the right holder and the public interest.
This paper discusses the possibilities and limitations of the use of publication databases such as Web of Science and Scopus to determine the research capabilities and prospective areas of research and development of universities. It also analyses major problems related with the analysis of universities’ publication activities in Scopus and Web of Science databases such as author surname variations, identification of author profile among authors with the same surname, author and organization profile merging, identification of author affiliation etc. This paper proposes a list of bibliometric indicators for the analysis of publication activities of individual researchers, university departments and universities as a whole. Furthermore, it describes the methodological approaches for interpreting these indicators. Finally, the paper reviews the possibilities of VOSviewer software for analysis of different aspect of publication activities at individual and department level such as international collaboration networks, detection of the hot topics of research activity and co-citation networks.
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.
The comment to the civil code of the Russian Federation parts of the fourth (Volume 2)
This study proposes the global bibliometric overview of unmanned aerial vehicles (UAVs) research in Scopus database in 1985 – 2015. This study detects key countries in this field of research as well as the major centers of excellence (organisations) in UAV research. We analyse publication activity of leading countries and organisations as well as the level of citation of their UAV publications. Special section is devoted to the analysis of cross-country collaboration links. For plotting the map of international collaboration in UAV research, VOSviewer software was used.
Introduction: efficient legal protection of intellectual outputs is essential for the dynamic development of modern society. The list of intellectual property objects is not intended to be exhaustive, separate outputs lose their relevance and become excluded from the list of protected objects, while new ones, on the contrary, are added to it. Purpose: this work aims to identify the tendencies regarding the extension of the range of intellectual property objects at the beginning of the 21st century, and to define the scientific and technological progress results that were granted protection under the influence of the Fourth Industrial Revolution and other factors. Methods: the method of formal logic, historical, comparative legal, systemic structural and formal dogmatic methods were used in course of the analysis. Results: international legal regulation does not provide clearly-defined guidelines to restrict the sphere of intellectual property. This factor undoubtedly contributes to expanding the list of its objects. At the beginning of the 21st century, law-based lists of copyrighted works did not include any new items. The institute of neighboring rights is most dynamically developing in the Law of the European Union. The Directive on Copyright in the Digital Single Market proposes recognizing two new neighboring rights. One of them is the right of the press publishers for online use of their publications by the news aggregators. The other neighboring right included into the draft Directive was the right to coverage of sporting events. However, in February, 2019, the provisions on this right were excluded from the Directive. In our opinion, biomedical cell products constitute new objects of civil circulation that require their own legal regulation as intellectual property constituents. Conclusions: intellectual property law cannot and should not undergo changes with the emergence of every new kind of objects. The contemporary challenge facing civil jurisprudence and the legislature is to formulate universal regulations that would make it possible to protect the rights of authors and developers of technological solutions even at the stage of experiments.
Companies are increasingly paying close attention to the IP portfolio, which is a key competitive advantage, so patents and patent applications, as well as analysis and identification of future trends, become one of the important and strategic components of a business strategy. We argue that the problems of identifying and predicting trends or entities, as well as the search for technical features, can be solved with the help of easily accessible Big Data technologies, machine learning and predictive analytics, thereby offering an effective plan for development and progress. The purpose of this study is twofold, the first is an identification of technological trends, the second is an identification of application areas and/or that are most promising in terms of technology development and investment. The research was based on methods of clustering, processing of large text files and search queries in patent databases. The suggested approach is considered on the basis of experimental data in the field of moving connected UAVs and passive acoustic ecology control.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.