9. Denis А. Buyvolov

Analysis of Historical Waves of Mergers and Acquisitions Market

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Denis А. Buyvolov

Postgraduate student of University of Tyumen

Volodarskogo Str. 6, Tyumen, Russian Federation, 625003

The presented study examines historical waves of merger and acquisition deals.
Aim. The study analyzes historical waves of business amalgamation deals with the aim to identify factors that increased the number of deals occurring in certain historical periods.
Tasks. The authors identify external factors that facilitate increased numbers of deals, identify largest deals in each stage, make brief conclusions regarding the successfulness of each period, and determine the causes of each wave’s end.
Methods. This study uses general scientific methods of cognition to examine different stages and aspects of the development of the mergers and acquisitions market.
Results. Analysis of expert works in the field of mergers and acquisitions and statistical data make it possible to identify major waves of business amalgamation spikes. The characteristic traits, major deals, and causes of beginning and end of each wave are determined.
Conclusions. In the 20th and 21st century, the mergers and acquisitions market was dominated by American corporations. It wasn’t until the fifth “wave” that European and Asian companies entered the market. The Russian mergers and acquisitions market is in early stages of development and does not offer enough statistical data to identify any characteristic traits. Each historical wave has its own characteristics, such as the volume of deals, types of deals, and funding sources. Furthermore, each wave of increasing number of deals has its own positive factors that bolstered acquisition of other companies and negative factors that hinder the development of such deals.

Keywords: merger, acquisition, historical waves of mergers and acquisitions, mergers and acquisitions market


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