Determinants of the Method of Payment in M&A Deals

Student: Bedareva Daria

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Final Grade: 9

Year of Graduation: 2018

This study investigates the choice of the payment method, in particular between cash and stock/mixed methods, in M&A deals undertaken by Eastern European bidders. The main motivation of the study was to fill a research gap as the majority of previous studies focused mostly on countries with leading and developed economies such as the US and the UK. Even though limited attention was paid to developing counties, there was no separate research of M&A deals completed in Eastern Europe and Russia specifically. Thus, the main goal of the study was to examine whether theories established in the previous literature could be considered true for Eastern European bidders, which to one’s best knowledge have not been tested before.

Full text (added June 15, 2018)

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