IDEAS home Printed from
   My bibliography  Save this article

The deterrent effect of Russian control of mergers: An Empirical Study
[Сдерживающие Эффекты Российского Контроля Слияний: Эмпирическое Исследование]


  • Redkina, Anastasia (Редькина, Анастасия)

    () (NRU HSE)

  • Lagodyuk, Ekaterina (Лагодюк, Екатерина)

    () (NRU HSE)


The article is devoted to identifying the deterrent effect of Russian control of mergers. Under the deterrent effect it meant a decrease of future M & A activity in connection with the strengthening of the regulatory impact of the antimonopoly body. To conduct the study were used panel data of two types: on the number of permits corrective prescriptions and prohibitions on the merger by sector for the years 2009-2014 in Russia, the economic characteristics of industries. A model showing the relationship between the amount received bans and regulations and M & A activity in the next period. The results of this study confirm the existence of a deterrent effect in the Russian merger control. At the same time permission to the regulations do not have a deterrent effect on future M & A activity, and restrictions may constrain the number of submitted applications. The study of the deterrent effect will allow a more accurate assessment of the overall benefits of the merger of Russian control since the deterrent effect of the merger is greater than the direct effect of regulations and prohibitions.

Suggested Citation

  • Redkina, Anastasia (Редькина, Анастасия) & Lagodyuk, Ekaterina (Лагодюк, Екатерина), 2016. "The deterrent effect of Russian control of mergers: An Empirical Study
    [Сдерживающие Эффекты Российского Контроля Слияний: Эмпирическое Исследование]
    ," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 79-104, February.
  • Handle: RePEc:rnp:ecopol:ep1609

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Tudor Oprisor, 2015. "Contributions to an Improved Framework for Integrated Reporting," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 14(3), pages 483-507, September.
    2. Newton, Jonathan & Sawa, Ryoji, 2015. "A one-shot deviation principle for stability in matching problems," Journal of Economic Theory, Elsevier, vol. 157(C), pages 1-27.
    3. Lars Sorgard & Andreea Cosnita-Langlais, 2013. "Enforcement vs Deterrence in Merger Control: Can Remedies Lead to Lower Welfare?," Post-Print hal-01668416, HAL.
    4. Schoenberg, Richard & Reeves, Richard, 1999. "What determines acquisition activity within an industry?," European Management Journal, Elsevier, vol. 17(1), pages 93-98, February.
    5. repec:bpj:rlecon:v:14:y:2018:i:3:p:22:n:1 is not listed on IDEAS
    6. Paulitsch, Katharina, 2004. "Am Beispiel Baumwolle: Flächennutzungskonkurrenz durch exportorientierte Landwirtschaft," Wuppertal Papers 148, Wuppertal Institute for Climate, Environment and Energy.
    7. Matteo Barigozzi & Antonio M. Conti & Matteo Luciani, 2014. "Do Euro Area Countries Respond Asymmetrically to the Common Monetary Policy?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 76(5), pages 693-714, October.
    8. Susse Georg & Inge Røpke & Ulrik Jørgensen, 1992. "Clean technology — Innovation and environmental regulation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 2(6), pages 533-550, November.
    9. Ignacio Hernando & Daniel Santabárbara & Javier Vallés, 2015. "El tipo de interés real mundial: evolución histórica y perspectivas," Boletín Económico, Banco de España;Boletín Económico Homepage, issue DEC, Diciembre.
    10. Manning, Alan, 1998. " Comment on B. Holmlund, "Unemployment Insurance in Theory and Practice."," Scandinavian Journal of Economics, Wiley Blackwell, vol. 100(1), pages 143-145, March.
    11. Авдашева С. Б. & Шаститко A. E. & Калмычкова Е. Н., 2007. "Экономические Основы Антимонопольной Политики: Российская Практика В Контексте Мирового Опыта," Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 11(4), pages 562-610.
    12. Dominique Achour & Robert Brown, 1984. "Un marche d'options sur indice de prix fonciers: nouvel instrument d'une politique de l'habitition. (With English summary.)," Canadian Public Policy, University of Toronto Press, vol. 10(3), pages 287-295, September.
    13. Eckbo, B Espen, 1992. " Mergers and the Value of Antitrust Deterrence," Journal of Finance, American Finance Association, vol. 47(3), pages 1005-1029, July.
    Full references (including those not matched with items on IDEAS)

    More about this item


    antitrust policy; merger control; the deterrent effect;

    JEL classification:

    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L49 - Industrial Organization - - Antitrust Issues and Policies - - - Other
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1609. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.