UDC 334.7
Authors
L. S. Budovich,
PhD in Economics, Associate Professor, Russian Technological University MIREA, Moscow, Russia
Yu. V. Startseva,
PhD in Economics, Associate Professor, Russian Technological University MIREA, Moscow, Russia
Abstract
Objective. In their work, the authors carry out, using the methods of scientific generalization, an analysis of the features of merger and acquisitions (M&A) of companies in modern conditions.
Materials and methods. Various classifications of synergistic effects resulting from the conclusion of such transactions are investigated.
Result. Special attention is paid to innovation synergy, since for most companies the innovation motive is an important incentive to complete integration transactions. Acquisition of a target company with an effective innovative patent portfolio generates significant profits and high shareholder value in the acquiring company upon completion of the M&A transaction. It is noted that mergers and acquisitions are the main method of integrating the capital of two or more companies in order to maximize opportunities and use the maximum potential to achieve the main objectives of companies.
Conclusion. The necessity of assessing the value of the company in the process of M&A transactions using the income approach is substantiated.
Keywords
mergers and acquisitions, synergy, innovation synergy, innovation.
