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Econometric Modeling of the Dynamics of the Integration Activity of Russian Companies
P. 53-68.
Mkhitarian V., Karelina M.
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.
In book
Vol. 1726. , Aachen : CEUR-WS, 2016
Mkhitarian V., Karelina M., Ivanova T., Model Assisted Statistics and Applications 2016 Vol. 11 P. 39-59
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 ...
Added: September 5, 2016
Ryabova E., Петрова В. В., Финансы: теория и практика 2017 № 21 (5) С. 128-139
Introduction. In the age of economic globalization mergers and acquisitions acquire relevance in business as strategic development of companies. M&A deals are generally evaluated with respect to their efficiency for buying companies and/or target companies. There are quite many researches and empirical studies related to the above line of inquiry. However, most of them are ...
Added: December 6, 2017
Romanenko K., Higher Education in Russia and Beyond 2018 Vol. 15 No. 1 P. 16-17
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 ...
Added: May 16, 2018
Voskoboynikov I., Journal of Productivity Analysis 2023 Vol. 59 No. 3 P. 225-241
This paper shows that the industrial origins of productivity growth in Czechia, Hungary, and Slovenia (CEE-3) and Russia before 2008 were similar and driven by manufacturing industries. The contribution of manufacturing industries to multifactor productivity (MFP) growth is substantial. In CEE-3, it exceeded market services. The contribution of labor reallocation to labor productivity growth was ...
Added: February 23, 2023
Yasnitsky L., Yasnitsky V. L., Journal of Applied Economic Sciences 2016 Vol. XI No. 8(46) P. 1519-1530
There are a number of economic and mathematical models designed for mass appraisal of residential real estate at the moment, which take into account their construction and performance characteristics but do not take into account the evolving macroeconomic situation in the country and in the world. The drawback of such static models is their rapid ...
Added: February 15, 2017
Borodin A. I., Yakovenko I., Kiseleva N. et al., International Journal of Mechanical Engineering and Technology 2019 No. 10(2) P. 1085-1101
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. [1995]. 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 ...
Added: March 1, 2019
Osipov D., Паршин А. Н., Математический сборник 2020 Т. 211 № 1 С. 125-174
In this work we construct a harmonic analysis on free Abelian groups of rank 2, namely: we construct and investigate spaces of functions and distributions, Fourier transforms and actions of discrete and extended discrete Heisenberg groups. In the case of the rank-2 value group of a two-dimensional local field with finite last residue field we ...
Added: May 20, 2020
Radosevic S., Yoruk E., Technological Forecasting and Social Change 2018 No. 129 P. 56-75
We explore issues of measurement for technology upgrading of the economies moving from middle to highincome status. In exploring this issue, we apply theoretically relevant and empirically grounded middle level conceptual and statistical framework based on three dimensions: (i) Intensity (ii) breadth of technological upgrading, and (iii) technology and knowledge exchange. As an outcome, we ...
Added: November 11, 2020
Grigorieva S., Egorova Angelina, Journal of Corporate Finance Research 2019 Vol. 13 No. 3 P. 7-18
A substantial body of academic literature continues to investigate whether M&A deals create or destroy shareholder
value and what are the main determinants of M&A performance, but the results are still inconclusive. In this paper, we
investigate the impact of corporate life cycle on M&A performance from the perspective of acquiring firms.
We shed additional light on the ...
Added: October 31, 2019
de Vries G. J., Erumban A. A., Timmer M. P. et al., / Высшая школа экономики. Series EC "Economics". 2011. No. 04.
This paper studies structural transformation and its implications for productivity growth in the BRIC countries based on a new database that provides trends in value added and employment at a detailed 35-sector level. We find that for China, India and Russia reallocation of labour across sectors is contributing to aggregate productivity growth, whereas in Brazil ...
Added: August 28, 2012
Dzhagityan E. P., , in : XIX Апрельская международная научная конференция по проблемам развития экономики и общества, Москва, 10–13 апреля 2018 г. : М. : Издательский дом НИУ ВШЭ, 2018. P. 1-18.
This article looks into the conceptual framework of regulation of the M&A processes that involve banks. Banking M&A still pose a serious threat to the post-crisis recovery and at the same time they remain one of the factors that can easily exacerbate systemic risks, which is also attributable to poor post-M&A synergy. Inconsistency in the ...
Added: April 3, 2019
Voskoboynikov I., / Высшая школа экономики. Series WP BRP "Economics/EC". 2017. No. 168.
Recent decades have been years of intensive growth, structural change and expanding informality for many developing and emerging economies. However, in exploring the relationship between structural change and productivity growth, most empirical studies ignored informality. This paper explores how structural change in the Russian economy 1995–2012 affects aggregate labour productivity growth, taking into account the ...
Added: August 9, 2017
Р.Ю.Архипов, П.К.Катышев, Прикладная эконометрика 2016 Т. 44 С. 38-49
We consider the problem of cointegration of the macro indices of Russian economy (GDP, money aggregate M2, budget expenses, real effective exchange rate) and electric power generation. It is assumed that on time interval (1999–2015) under consideration a structural change (regime shift) is allowed, and as a result the cointegration relationship may be changed. The ...
Added: March 14, 2017
Grigorieva S., , in : Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?. : Switzerland : Springer, 2020. Ch. 9. P. 223-239.
Researchers have long tried to define the impact of corporate diversification on firm value. Academic papers mainly concentrate on the effects of corporate diversification in mature markets while its consequences in emerging capital markets are less explored. This article presents the results of an empirical analysis of corporate diversification strategies of a sample of companies ...
Added: October 31, 2019
Grigorieva S., Kuzmina Svetlana, , in : Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?. : Switzerland : Springer, 2020. Ch. 5. P. 113-135.
This chapter contributes to the literature on M&A performance by examining the impact of M&A deals on company value over the long-run in developed and emerging economies. Examining a sample of 153 and 125 deals from Western European and emerging capital markets respectively, 2002-2013, and employing economic profit as a performance measure,we find that transactions ...
Added: October 31, 2019
IEEE, 2019
The book provides the list of scientific researches in such areas as innovations, tendencies, practical problems and strategies of development for financial, economic, industrial, energy, medical, biological, transport and other large-scale systems.
All publications are reffered according to scopus requirements. ...
Added: October 24, 2019
Dzhagityan E. P., Деньги и кредит 2012 № 11 С. 46-52
This article undertakes an analysis of U.S. banking regulation reform exposure on merger and acquisition (M&A) processes involving American financial institutions. Risk management in the banking industry is emphasized as being a focal point of regulation
paradigm shift ensuring macroeconomic stability. The primary driving forces of the M&A processes are studied; the factors underlying
rethinking of corporate ...
Added: January 2, 2017
Vladimir Lebedev, Studia Mathematica 2015 Vol. 231 No. 1 P. 73-81
The well-known Bohr--Pal theorem
asserts that for every continuous real-valued function f on
the circle T there exists a change of variable, i.e.,
a homeomorphism h of T onto itself, such that the
Fourier series of the superposition foh converges
uniformly. Subsequent improvements of this result imply that
actually there exists a homeomorphism that brings f into the
Sobolev space W_2^{1/2}(T). This ...
Added: February 16, 2016
Arkhipov R., Katyshev P. K., Прикладная эконометрика 2016 Т. 44 С. 38-49
We consider the problem of cointegration of the macro indices of Russian economy (GDP, money aggregate M2, budget expenses, real effective exchange rate) and electric power generation. It is assumed that on time interval (1999–2015) under consideration a structural change (regime shift) is allowed, and as a result the cointegration relationship may be changed. The ...
Added: October 22, 2018
Yasnitsky L., Ясницкий В. Л., Вестник Пермского университета. Серия: Экономика 2016 № 2(29) С. 54-69
Currently, there are a number of economic and mathematical models designed for mass appraisal of real estate, tailored to their construction and performance properties, but taking no account of the evolving macroeconomic situation in the country and the world. The disadvantage of such static models is their rapid obsolescence, the need for constant updating, and ...
Added: February 15, 2017
Lukianova A., Nikulin E., Zinchenko A., Investment Management and Financial Innovations 2017 Vol. 14 No. 2 P. 264-280
The purpose of the current paper is to elaborate a model to forecast a particular type of
earnings management by companies: upward earnings management, downward earnings
management or the absence of significant manipulation.
The sample analyzed in the current paper comprises 664 Russian and 2,380 Chinese
public companies for the period 2009–2014. The forecast was made for 2014 based ...
Added: November 25, 2020
Kanaev E., Михеев В. В., Войтоловский Ф. Г. et al., Beijing : Шиши чубаньшэ, 2019
The forecast covers the period up to 2035. It describes dynamic trends that will shape the future of the world during the nearest 20 years. The aim of this study is to foresee the challenges awaiting the world and the forthcoming opportunities which can be used in the interests of the Russian state, ensuring its ...
Added: May 4, 2019
IEEE, 2018
The book provides the list of scientific researches in such areas as innovations, tendencies, practical problems and strategies of development for financial, economic, industrial, energy, medical, biological, transport and other large-scale systems.
All publications are reffered according to scopus requirements. ...
Added: October 21, 2018
Lukianova A., Nikulin E., Vedernikov A., Investment Management and Financial Innovations 2017 Vol. 4 No. 1 P. 236-247
The purpose of the current paper is to elaborate the model for assessing cumulative synergetic effect in M&A (Mergers
and Acquisitions) deals on the basis of a real options approach. The majority of papers on the synergetic effects of
M&A deals typically focus on a particular type of synergy, while the current paper proposes a model that ...
Added: November 25, 2020