2019 7

Mergers and acquisitions as a tool for increasing the competitiveness of companies

Savchenko Мaryna V.
Doctor of Economic Sciences
ORCID https://orcid.org/0000-0002-9063-3551
Donetsk National University named after Vasily Stus;
Shkurenko Оlga V.
канд. экон. наук
ORCID https://orcid.org/0000-0002-0460-4800
State University of Infrastructure and Technology

Citation Format
Savchenko M.V., Shkurenko O.V. Mergers and acquisitions as a tool for increasing the competitiveness of companies. Management of Economy: Theory and Practice. Chumachenko’s Annalscollection of scientific papers / Institute of Industrial Economics of the NAS of Ukraine. Kyiv, 2019. P.  92-105. DOI: https://doi.org/10.37405/2221-1187.2019.92-105

Language
Ukrainian

Resume
The article analyzes various theoretical approaches to the definition of mergers and acquisitions. The place of mergers and acquisitions in the sources of economic growth of the company is determined. On the basis of comparative analysis, significant signs of mergers and acquisitions are identified. The modern tendencies of development of the market of mergers and acquisitions in Ukraine are revealed. The stages of development of the Ukrainian market of mergers and acquisitions are substantiated. The main problems affecting the development of this market are identified and analyzed: geopolitical situation in the country, imperfect legal framework, insufficient amount of open information, high level of corruption, unfavorable investment climate. The types of synergistic effects that encourage the activation of mergers and acquisitions are distinguished: general synergism, operational synergism, managerial synergism, tax synergism, investment synergism, innovation synergism. The prospects of the merger and acquisition market in Ukraine will be determined, which will help to solve institutional problems, problems in the sphere of economy, law and ordering on the securities market and regulation of the legality and transparency of the procedures of transfer and acquisition of ownership of assets and in the procedures of their sale.

Keywords
merger, acquisition, M&A market, synergism, synergistic effect.

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