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Determinants of Russian Firms' Merger and Acquisition Activities

Author

Listed:
  • Amar Iqbal Anwar

    (Shannon School of Business, Cape Breton University, Canada)

  • Mazhar Y Mughal

    (Pau Business School, France)

Abstract

This study explores the economic, geographical, cultural and institutional factors that have driven the cross border Merger and Acquisition activities by Russian transnational corporations during the 1999-2013 period. We find that market-seeking stands out as a significant motive of the Russian firms' merger and acquisition activities, followed by natural resources and efficiency seeking. Russian firms prefer acquiring assets in nearby economies of the former Soviet Union. Moreover, home and host institutions seem to play a minor role in asset acquisition decisions.

Suggested Citation

  • Amar Iqbal Anwar & Mazhar Y Mughal, 2015. "Determinants of Russian Firms' Merger and Acquisition Activities," Economics Bulletin, AccessEcon, vol. 35(4), pages 2382-2394.
    • Handle: RePEc:ebl:ecbull:eb-15-00273
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Mergers and Acquisitions; Foreign Investments; Locational Motives; Russia;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F0 - International Economics - - General

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