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Intensity of Russian Companies’ Mergers & Acquisitions (M&A) Processes, 2001-2004: Econometric Estimation

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  • Musatova, Maria

Abstract

The article uses econometric tools to analyze and identify main characteristics of mergers & acquisitions of Russian companies at the time of economic growth. We employ the Poisson regression to model M&A behavior, and its relation with macroeconomic indicators, while controlling for a linear trend and seasonality. It is one of the first attempts to estimate a similar model for Russian M&A.

Suggested Citation

  • Musatova, Maria, 2009. "Intensity of Russian Companies’ Mergers & Acquisitions (M&A) Processes, 2001-2004: Econometric Estimation," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 15(3), pages 23-42.
    • Handle: RePEc:ris:apltrx:0114
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    References listed on IDEAS

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    1. Tremblay, Victor J & Tremblay, Carol Horton, 1988. "The Determinants of Horizontal Acquisitions: Evidence from the U.S. Brewing Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 37(1), pages 21-45, September.
    2. Shrieves, Ronald E. & Stevens, Donald L., 1979. "Bankruptcy Avoidance as a Motive For Merger," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 14(3), pages 501-515, September.
    3. Sean Becketti, 1986. "Corporate mergers and the business cycle," Economic Review, Federal Reserve Bank of Kansas City, vol. 71(May), pages 13-26.
    4. Melicher, Ronald W & Ledolter, Johannes & D'Antonio, Louis J, 1983. "A Time Series Analysis of Aggregate Merger Activity," The Review of Economics and Statistics, MIT Press, vol. 65(3), pages 423-430, August.
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    Cited by:

    1. Polikarpova, Maria, 2011. "Econometric analysis of Russian market of mergers and acquisitions," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 24(4), pages 27-47.

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    More about this item

    Keywords

    mergers and acquisitions; Poisson regression;

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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