Cross-border mergers and acquisitions

Анотація

Introduction. Cross-border mergers and acquisi­tionshelp increase global competitiveness. Problem. Taking into account the trend of strengthening integration processes in the interna­tional economy, it is especially important to study the foreign experience of cross-border mergers and acquisitions, analyze their effectiveness and find ways to improve this market. An analysis of recent research and publications has shown that despite the existence of some scientific achievements, an important scientific and practical problem of the characteristics of cross-border mergers and acquisitions in accordance with current trends in the international economy remains unresolved. The aim of the article is to identify the chara­cteristics, analysis of the current state and trends of cross-border mergers and acquisitions. Materials and methods. In the course of the research the materials of the State Statistics Service of Ukraine, reports of international organizations and scientific works of scientists on cross-border mergers and acquisitions were used. Methods of abstraction, analysis and synthesis, generalization, historical method, structural-functional method, etc. were used. Research results. Characteristic features and tendencies of cross-border mergers and acquisitions are determined: periodic alternation of world economic crises and stock market falls (2008–2009, 2011, 2020); mainly occur in industries with a high level of monopolization (technological and financial sectors, energy); agreements are increasingly being concluded at the initiative of private investment funds or large corporations from the BRICS countries. It is established that the leaders of cross-border mergers and acquisitions, which serve as an important source of attracting foreign investment, are companies in North America and Europe. Conclusions. The main ways to improve the market for cross-border mergers and acquisitions are: increasing the capitalization of national companies and their investment attractiveness; increasing the volume and quality of products; development and implementation of new technologies; modernization of the sectoral structure of the economy; development of transport and financial infrastructure; develop­ment of the domestic stock market, ensuring openness and reliability of financial statements; improving the regulatory framework; stabilization of the military-political situation.

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