| Issue |
SHS Web Conf.
Volume 67, 2019
Fifteenth Scientific and Practical International Conference “International Transport Infrastructure, Industrial Centers and Corporate Logistics” (NTI-UkrSURT 2019)
|
|
|---|---|---|
| Article Number | 06024 | |
| Number of page(s) | 6 | |
| Section | Management of socio-Economic Systems in the Conditions of Neo-Industrialization and Globalization (Man, Technology, Economics) | |
| DOI | https://doi.org/10.1051/shsconf/20196706024 | |
| Published online | 15 October 2019 | |
The Influence of Mergers and Acquisitions on Competitiveness of Economies of Countries of the World
1 Research Centre for Industrial Problems of Development of NAS of Ukraine, Sector of Industrial Policy and Innovative Development, 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine
2 Kharkiv National University of Construction Engineering and Architecture, Department of Finance, 40 Sumska Str., Kharkiv, 61002, Ukraine
3 Research Centre for Industrial Problems of Development of NAS of Ukraine, Applicant, 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine
* Corresponding author: v.khaust@gmail.com
Today, the most important factor which determines the development of the world economy is economic globalization. The article presents a scheme of the interdependence of the processes that determine competitiveness of the country in the context of globalization: CER.1 – the cause-effect relation reflecting the influence of M&A with the participation of national companies on concentration of a national economy; CER.2 – reflecting the impact of concentration of the national economy on its competitiveness; CER.3 – reflecting the impact of intensity of M&A with the participation of national companies on their capitalization; CER.4 – reflecting the impact of the level of national companies’ capitalization on competitiveness of the country. The article puts forward and proves, based on the confirmation of the above mentioned cause-effect relations, the following hypotheses: 1. – merges and acquisitions with the participation of national companies influence concentration of a national economy which in turn determines the level of its competitiveness; 2. – integration with the participation of national companies through implementation of M&A increases their market capitalization, thereby affecting the level of competitiveness of the country. For simulating, the correlation and regression modeling is used. The statistical base of the study comprises a sample of 42 countries of the world.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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