title: ÐÑÐµÐ½ÐºÐ° Ð¿ÑÐµÐ¼Ð¸Ð¸ Ð·Ð° ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ Ð½Ð° ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¾Ð¼ ÑÐ¾Ð½Ð´Ð¾Ð²Ð¾Ð¼ ÑÑÐ½ÐºÐµ
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: Control premium study in the russian stock market
Creators: name: ÐÐµÐ»ÑÐºÐ¾Ð²Ð°, ÐÐºÐ°ÑÐµÑÐ¸Ð½Ð°
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: 2019
Subjects: Ð¿ÑÐµÐ¼Ð¸Ñ Ð·Ð° ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ
ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¸Ð¹ ÑÐ¾Ð½Ð´Ð¾Ð²ÑÐ¹ ÑÑÐ½Ð¾Ðº
ÑÐ´ÐµÐ»ÐºÐ¸ m&amp;a
Ð½Ð°ÐºÐ¾Ð¿Ð»ÐµÐ½Ð½Ð°Ñ Ð¸Ð·Ð±ÑÑÐ¾ÑÐ½Ð°Ñ Ð´Ð¾Ñ Ð¾Ð´Ð½Ð¾ÑÑÑ
Ð´ÐµÑÐµÑÐ¼Ð¸Ð½Ð°Ð½ÑÑ Ð¿ÑÐµÐ¼Ð¸Ð¸ Ð·Ð° ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ
ÐºÐ¾Ð½ÑÑÐ¾Ð»ÑÐ½ÑÐ¹ Ð¿Ð°ÐºÐµÑ Ð°ÐºÑÐ¸Ð¹
Ð¼ÐµÑÐ¾Ð´ ÑÐ¾Ð±ÑÑÐ¸Ð¹

description: ÐÐ±ÑÐµÐºÑÐ¾Ð¼ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ ÑÐ²Ð»ÑÑÑÑÑ ÑÐ´ÐµÐ»ÐºÐ¸ ÑÐ»Ð¸ÑÐ½Ð¸Ð¹ Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ð¹ Ð¿Ð¾ Ð¿ÑÐ¸Ð¾Ð±ÑÐµÑÐµÐ½Ð¸Ñ Ð¿Ð°ÐºÐµÑÐ° Ð°ÐºÑÐ¸Ð¹ Ð½Ð° ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¾Ð¼ ÑÐ¾Ð½Ð´Ð¾Ð²Ð¾Ð¼ ÑÑÐ½ÐºÐµ. ÐÑÐµÐ´Ð¼ÐµÑÐ¾Ð¼ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ ÑÐ²Ð»ÑÐµÑÑÑ ÑÐµÐ°ÐºÑÐ¸Ñ ÑÐ¾Ð½Ð´Ð¾Ð²Ð¾Ð³Ð¾ ÑÑÐ½ÐºÐ° Ð½Ð° Ð¾Ð±ÑÑÐ²Ð»ÐµÐ½Ð¸Ðµ Ð¾ ÑÐ´ÐµÐ»ÐºÐµ ÑÐ»Ð¸ÑÐ½Ð¸Ñ Ð¸Ð»Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ. Ð¦ÐµÐ»ÑÑ Ð¼Ð°Ð³Ð¸ÑÑÐµÑÑÐºÐ¾Ð¹ Ð´Ð¸ÑÑÐµÑÑÐ°ÑÐ¸Ð¸ ÑÐ²Ð»ÑÐµÑÑÑ Ð¾ÑÐµÐ½ÐºÐ° Ð¿ÑÐµÐ¼Ð¸Ð¸ Ð·Ð° ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ Ð½Ð° ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¾Ð¼ ÑÐ¾Ð½Ð´Ð¾Ð²Ð¾Ð¼ ÑÑÐ½ÐºÐµ, Ð° ÑÐ°ÐºÐ¶Ðµ Ð°Ð½Ð°Ð»Ð¸Ð· ÑÐ°ÐºÑÐ¾ÑÐ¾Ð², Ð²Ð»Ð¸ÑÑÑÐ¸Ñ Ð½Ð° ÐµÐµ ÑÐ¾ÑÐ¼Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ. 
ÐÐ° Ð¾ÑÐ½Ð¾Ð²Ðµ Ð°Ð½Ð°Ð»Ð¸Ð·Ð° ÑÐ°Ð·Ð»Ð¸ÑÐ½ÑÑ Ð¼ÐµÑÐ¾Ð´Ð¾Ð² Ð¾ÑÐµÐ½ÐºÐ¸ Ð¿ÑÐµÐ¼Ð¸Ð¸ Ð·Ð° ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ Ð±ÑÐ» Ð²ÑÐ±ÑÐ°Ð½ Ð¼ÐµÑÐ¾Ð´ ÑÐ´ÐµÐ»Ð¾Ðº M&amp;A. ÐÐ° Ð¾ÑÐ½Ð¾Ð²Ðµ Ð¼ÐµÑÐ¾Ð´Ð° ÑÐ´ÐµÐ»Ð¾Ðº M&amp;A Ð±ÑÐ»Ð° Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð° Ð¾ÑÐµÐ½ÐºÐ° Ð¿ÑÐµÐ¼Ð¸Ð¸ Ð·Ð° ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ Ð½Ð° Ð Ð¾ÑÑÐ¸Ð¹ÑÐºÐ¾Ð¼ ÑÐ¾Ð½Ð´Ð¾Ð²Ð¾Ð¼ ÑÑÐ½ÐºÐµ. Ð¡Ð´ÐµÐ»Ð°Ð½Ñ Ð²ÑÐ²Ð¾Ð´Ñ Ð¾ ÑÐµÐ°ÐºÑÐ¸Ð¸ ÑÑÐ½ÐºÐ° Ð½Ð° Ð¾Ð±ÑÑÐ²Ð»ÐµÐ½Ð¸Ðµ Ð¾ ÑÐ´ÐµÐ»ÐºÐµ M&amp;A, Ð¿ÑÐ¾Ð°Ð½Ð°Ð»Ð¸Ð·Ð¸ÑÐ¾Ð²Ð°Ð½Ñ ÑÐ°Ð·Ð»Ð¸ÑÐ½ÑÐµ Ð¾ÑÑÐ°ÑÐ»Ð¸ ÑÑÐ½ÐºÐ° Ð Ð¾ÑÑÐ¸Ð¸. ÐÑÐ¾Ð²ÐµÐ´ÐµÐ½ Ð°Ð½Ð°Ð»Ð¸Ð· ÑÐ°ÐºÑÐ¾ÑÐ¾Ð², Ð²Ð»Ð¸ÑÑÑÐ¸Ñ Ð½Ð° ÑÐ¾ÑÐ¼Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ Ð¿ÑÐµÐ¼Ð¸Ð¸ Ð·Ð° ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ Ð¿ÑÑÐµÐ¼ Ð¿Ð¾ÑÑÑÐ¾ÐµÐ½Ð¸Ñ ÑÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ Ð¼Ð¾Ð´ÐµÐ»Ð¸. ÐÑÑÐ²Ð»ÐµÐ½Ñ Ð´Ð¾Ð¿Ð¾Ð»Ð½Ð¸ÑÐµÐ»ÑÐ½ÑÐµ Ð´ÐµÑÐµÑÐ¼Ð¸Ð½Ð°Ð½ÑÑ Ð¿ÑÐµÐ¼Ð¸Ð¸ Ð·Ð° ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ, ÑÐ°ÑÐ°ÐºÑÐµÑÐ½ÑÐµ Ð´Ð»Ñ Ð Ð¾ÑÑÐ¸Ð¹ÑÐºÐ¾Ð³Ð¾ ÑÐ¾Ð½Ð´Ð¾Ð²Ð¾Ð³Ð¾ ÑÑÐ½ÐºÐ°.
description: The object of the research is mergers and acquisitions transactions for the acquisition of a block of shares in the Russian stock market. The subject of the research is the reaction of the stock market to the announcement of a merger or acquisition transaction. The purpose of the master's thesis is to assess the level of control premium in the Russian stock market, as well as the analysis of factors affecting its public. Based on the analysis of various methods for evaluating the premium for control, the M &amp; A transaction method was selected. Based on the M &amp; A transaction method, a control premium over the Russian stock market was evaluated. Conclusions about the market reaction to the announcement of the M &amp; A deal were made; various sectors of the Russian market were analyzed. The analysis of the factors influencing the formation of control premium by building a regression model is carried out. Identified additional determinants of the control premium, characteristic of the Russian stock market.