Value management in integration processes.

Tetyana Gamma
PhD in Economics, Associate Professor, Department of Enterprise Economics and Business Organization, Odessa National Economic University, e-mail:tetyanagamma@gmail.com

Oleg Babiy
PhD in Economics, Associate Professor, Department of Enterprise Economics and Business Organization, Odessa National Economic University, e-mail:olegbabiy@ukr.net

Cite this article:

Gamma, T., Babiy, O. (2017). Value management in integration processes. Ed.: M. Zveryakov (ed.-in-ch.) and others [Upravlinnia vartistiu v intehratsiinykh protsesakh; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 2-3 (63-64), pp. 51–60.

Abstract

The article considers the problems of value management tool formation that is adequate to modern management conditions in the mergers and acquisitions process of food industry enterprises. The main problems of non-public structures business valuation, to which the most domestic food enterprises are belong, are identified as a result of the monographic analysis. Highlighted problems require a theoretical and methodological solution. A theoretical basis for the business value toolkit of non-public companies for the purposes of the M&A market as the result of the empirical study is created. A methodical approach to determining discounts for the liquidity level of a business-purpose in mergers and acquisitions is proposed.

Keywords

value management; integration processes; mergers and acquisitions; non-public structures; illiquidity risk.

JEL classification: C190; G310; G340;  DOI: https://doi.org/10.33987/vsed.2-3(63-64).2017.51-60

UD classification: 005.591.452:330.138

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