L. Kapranova, M. Kapranov. Mergers & Acquisitions are as a factor of influence on the development of business structures.

Abstract

The paper discusses the impact of M&A on the development of business structures. The scheme of interconnection of types of association of enterprises is given. The classification of types of mergers and acquisitions of enterprises is given. The stages of mergers and acquisitions have been determined. A graphical interpretation of the dynamics of M&A in the world in the period 2010 - 2016 is constructed. It is determined that M&A further processes are gaining momentum in the world. The number of M&A transactions for the last 8 years since 2010 has increased almost 4 times from $ 262,517 million to $ 868,647 million. It is concluded that the spheres of commodity production and services are more prone to M&A processes in the world, because in these areas the greatest share of "superprofits" is concentrated. We can state that the world's M&A are gaining momentum. But for each country there is a list of business areas that have great trends in this area. The economy of Ukraine does not stand aside from these processes. It is proved, based on InVenture Investment Group data, that the largest number of M & A processes in Ukraine for 2015 - 2017 took place in the sphere of financial activity - 24%, the second place is occupied by agriculture - 14%, the third place - the mining industry - 12%. Thus, the M & A processes in Ukraine are still in its infancy, as the national legislation is not fully adapted to the functioning of transnational corporations in Ukraine, and the securities market is not attractive to foreign businesses due to the unstable economic and political situation in the country.