title: ÐÐ»Ð¸ÑÐ½Ð¸Ðµ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¸ Ð¾ ÑÐ»Ð¸ÑÐ½Ð¸ÑÑ Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸ÑÑ Ð½Ð° ÑÐµÐ½Ñ Ð°ÐºÑÐ¸Ð¹
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð±Ð°ÐºÐ°Ð»Ð°Ð²ÑÐ°
titleType: Subtitle
title: The effect of mergers and acquisitions on stock prices
Creators: name: Ð¢Ð°ÑÐ°ÑÐ¾Ð², ÐÐ»ÑÑ
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2020
Subjects: ÑÐµÐ½Ð°
Ð°ÐºÑÐ¸Ð¸. ÑÐµÐ½Ð¾Ð¾Ð±ÑÐ°Ð·Ð¾Ð²Ð°Ð½Ð¸Ðµ. Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ðµ
Ð³Ð»Ð¾Ð±Ð°Ð»Ð¸Ð·Ð°ÑÐ¸Ñ
M&amp;A
price
actions
price formation
absorption
globalization

description: ÐÐºÑÑÐ°Ð»ÑÐ½Ð¾ÑÑÑ ÐÐÐ  Ð·Ð°ÐºÐ»ÑÑÐ°ÐµÑÑÑ Ð² ÑÐ¾Ð¼, ÑÑÐ¾ ÑÐ»Ð¸ÑÐ½Ð¸Ñ Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ - Ð¸Ð½ÑÐµÑÐµÑÐ½Ð¾Ðµ ÑÐ²Ð»ÐµÐ½Ð¸Ðµ, Ð½Ð°Ð±Ð»ÑÐ´Ð°ÐµÐ¼Ð¾Ðµ Ð² ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÐºÐµ Ð²Ð¾Ñ ÑÐ¶Ðµ Ð½ÐµÑÐºÐ¾Ð»ÑÐºÐ¾ Ð´ÐµÑÑÑÐ¸Ð»ÐµÑÐ¸Ð¹. ÐÐ½Ð¾ Ð·Ð°Ð½Ð¸Ð¼Ð°ÐµÑ ÑÐ²Ð¾Ñ Ð½Ð¸ÑÑ Ð½Ð° ÑÑÐ½ÐºÐµ, Ð³Ð´Ðµ Ð¾Ð±ÑÐ°ÑÐ°ÑÑÑÑ Ð½Ðµ ÑÐ¾Ð»ÑÐºÐ¾ Ð¿ÑÐ¸Ð²ÑÑÐ½ÑÐµ Ð´Ð»Ñ Ð²ÑÐµÑ Ð»ÑÐ´ÐµÐ¹ Ð¼Ð°ÑÐµÑÐ¸Ð°Ð»ÑÐ½ÑÐµ Ð¸Ð»Ð¸ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÐµ Ð°ÐºÑÐ¸Ð²Ñ, Ð° ÑÐ°ÐºÐ¶Ðµ Ð¿ÑÐ°Ð²Ð° Ð½Ð° ÑÐ¾Ð±ÑÑÐ²ÐµÐ½Ð½Ð¾ÑÑÑ, ÐºÐ°Ðº ÑÐ°Ð· Ð¸ Ð¿Ð¾Ð´ÑÐ°Ð·ÑÐ¼ÐµÐ²Ð°ÑÑÐ¸Ðµ Ð¿Ð¾Ð´ ÑÐ¾Ð±Ð¾Ð¹ ÐºÐ¾ÑÐ¿Ð¾ÑÐ°ÑÐ¸Ð²Ð½ÑÐ¹ ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ. ÐÐ°ÑÑÐ½Ð°Ñ Ð½Ð¾Ð²Ð¸Ð·Ð½Ð° ÐÐÐ  Ð·Ð°ÐºÐ»ÑÑÐ°ÐµÑÑÑ Ð² Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ð¸ Ð²Ð»Ð¸ÑÐ½Ð¸Ñ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÑÐ¾Ð±ÑÑÐ¸Ð¹, ÑÐ²ÑÐ·Ð°Ð½Ð½ÑÑ ÑÐ¾ ÑÐ´ÐµÐ»ÐºÐ°Ð¼Ð¸ ÑÐ»Ð¸ÑÐ½Ð¸Ñ Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ, Ð½Ð° Ð´Ð¸Ð½Ð°Ð¼Ð¸ÐºÑ ÐºÐ¾ÑÐ¸ÑÐ¾Ð²Ð¾Ðº Ð² ÐºÑÐ°ÑÐºÐ¾ÑÑÐ¾ÑÐ½Ð¾Ð¼ Ð¿ÐµÑÐ¸Ð¾Ð´Ðµ Ð² ÑÐ°Ð¼ÐºÐ°Ñ ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¾Ð³Ð¾ ÑÐ¾Ð½Ð´Ð¾Ð²Ð¾Ð³Ð¾ ÑÑÐ½ÐºÐ°. ÐÐ°Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¿Ð¾Ð·Ð²Ð¾Ð»ÑÐµÑ Ð±Ð¾Ð»ÐµÐµ ÑÐ¾ÑÐ½Ð¾ Ð¿ÑÐµÐ´ÑÐºÐ°Ð·ÑÐ²Ð°ÑÑ ÑÐµÐ°ÐºÑÐ¸Ñ ÑÑÐ½ÐºÐ° Ð½Ð° Ð¿ÑÐ±Ð»Ð¸ÐºÐ°ÑÐ¸Ð¸ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¸ Ð¾Ð± ÑÑÐ°Ð¿Ð°Ñ Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð¸Ñ ÑÐ´ÐµÐ»ÐºÐ¸, Ð¿ÐµÑÐµÐ³Ð¾Ð²Ð¾ÑÐ°Ñ Ð¸ Ð¾ÑÐ¸ÑÐ¸Ð°Ð»ÑÐ½Ð¾Ð¼ ÐµÐµ Ð·Ð°ÐºÐ»ÑÑÐµÐ½Ð¸Ð¸. Ð¦ÐµÐ»Ñ ÑÐ°Ð±Ð¾ÑÑ ÑÐ¾ÑÑÐ¾Ð¸Ñ Ð² Ð°Ð½Ð°Ð»Ð¸Ð·Ðµ Ð²Ð»Ð¸ÑÐ½Ð¸Ñ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÑÐ¾Ð±ÑÑÐ¸Ð¹ ÑÐ°Ð·Ð½ÑÑ ÑÐ¸Ð¿Ð¾Ð² â Ð°Ð½Ð¾Ð½ÑÐ¾Ð² Ð¸ Ð¾ÑÐ¸ÑÐ¸Ð°Ð»ÑÐ½ÑÑ Ð¾Ð±ÑÑÐ²Ð»ÐµÐ½Ð¸Ð¹ Ð¾ Ð·Ð°Ð²ÐµÑÑÐµÐ½Ð¸Ð¸ ÑÐ´ÐµÐ»ÐºÐ¸ - Ð½Ð° ÑÐµÐ½Ñ Ð°ÐºÑÐ¸Ð¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸-Ð¿Ð¾Ð³Ð»Ð¾ÑÐ¸ÑÐµÐ»Ñ. ÐÐ±ÑÐµÐºÑ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ: Ð Ð¾ÑÑÐ¸Ð¹ÑÐºÐ¸Ðµ Ð¿ÑÐ±Ð»Ð¸ÑÐ½ÑÐµ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸, ÑÐ¾Ð²ÐµÑÑÐ¸Ð²ÑÐ¸Ñ Ð¿ÑÐ¾ÑÐµÐ´ÑÑÑ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ Ð´ÑÑÐ³Ð¾Ð¹ ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¾Ð¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Ð² Ð¿ÐµÑÐ¸Ð¾Ð´ Ñ 2000 Ð¿Ð¾ 2018 Ð³Ð¾Ð´. ÐÑÐµÐ´Ð¼ÐµÑ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ: Ð·Ð°Ð²Ð¸ÑÐ¸Ð¼Ð¾ÑÑÑ Ð¸Ð·Ð¼ÐµÐ½ÐµÐ½Ð¸Ñ ÐºÐ¾ÑÐ¸ÑÐ¾Ð²Ð¾Ðº Ð°ÐºÑÐ¸Ð¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð¾Ñ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÑÐ¾Ð±ÑÑÐ¸Ð¹, ÐºÐ°ÑÐ°ÑÑÐ¸ÑÑÑ Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð¸Ñ ÑÐ´ÐµÐ»Ð¾Ðº M&amp;A Ñ ÑÑÐ°ÑÑÐ¸ÐµÐ¼ ÑÑÐ¸Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹.
description: The relevance of WRC lies in the fact that mergers and acquisitions are an interesting phenomenon that has been observed in the economy for several decades. It occupies its niche in the market, where not only material or financial assets familiar to all people are circulated, but also property rights, which imply corporate control. The scientific novelty of WRC is to study the effect of information events related to mergers and acquisitions on the dynamics of quotations in the short term within the Russian stock market. This work allows us to more accurately predict the market reaction to the publication of information about the stages of the transaction, negotiations and its official conclusion. The purpose of the work is to analyze the influence of various types of information events - announcements and official announcements about the completion of the transaction - on the stock prices of the absorber company. Object of study: Russian public companies that have completed the takeover of another Russian company from 2000 to 2018. Subject of study: Dependence of changes in stock quotes of companies on information events related to M&amp;A transactions involving these companies.