Importance Various forms of business combinations result from implementing the integration strategy in the Russian industry. Classifications of these forms were developed by Russian scientists, however, most of them either do not cover the totality of forms or are not based on a clear criterion of classification. These downsides necessitate improvement of existing approaches to classification of forms of enterprise integration in the Russian industry. Objectives The study aims to improve the methodological support to the management of industrial enterprise integration based on systematization of forms of integration by the essence criterion. Methods The paper employs general scientific methods of research, like analysis, synthesis, deduction, induction, ascension from abstract to concrete. The theoretical and information basis of the research comprises articles and monographs of domestic and foreign scholars specializing in enterprise integration, and financial and non-financial reporting of the Russian industrial enterprises and groups. Results I elaborated a classification of integration forms of the Russian industrial enterprises based on the formulation of the basic clear classification criteria, i.e. the availability of control exercised by the initiator of integration over other companies included in the combination. I also verified the developed classification by examples from the business practice of Russian industrial enterprises. Conclusions and Relevance The article may be useful for analyzing integration processes in the Russian industry and developing the growth strategy of industrial enterprises.
Ключевые слова: integration, industry, mergers and acquisitions, cooperation
Список литературы:
Vinslav Yu., Dement'ev V., Melent'ev A., Yakutin Yu. [Development of integrated corporate structures in Russia]. Rossiiskii ekonomicheskii zhurnal = Russian Economics Journal, 1998, no. 11–12, pp. 27–41. (In Russ.)
Vladimirova I.G. [Organizational forms of companies' integration]. Menedzhment v Rossii i za rubezhom = Management in Russia and Abroad, 1999, no. 6, pp. 113–129. (In Russ.)
Vladimirova I.G. [Mergers and acquisitions of companies]. Menedzhment v Rossii i za rubezhom = Management in Russia and Abroad, 1999, no. 1, pp. 27–48. (In Russ.)
Dodonova S.V. [Integration associations of economic entities]. Vestnik Finansovoi akademii = Bulletin of Financial Academy, 2003, no. 1, pp. 42–51. (In Russ.)
Nikologorskii D.Yu. [Large integrated structures in the industry]. EKO = ECO, 1997, no. 11, pp. 70–82. (In Russ.)
Radygin A.D. [Mergers and acquisitions in the corporate sector: Major approaches, specifics of Russia and regulation tasks]. Voprosy Ekonomiki, 2002, no. 12, pp. 85–110. (In Russ.)
Rudyk N.B., Semenkova E.V. Rynok korporativnogo kontrolya: sliyaniya, zhestkie pogloshcheniya i vykupy dolgovym finansirovaniem [The corporate control market: Mergers, compulsory acquisitions and buyout by leveraged finance]. Moscow, Finansy i Statistika Publ., 2000, 455 p.
Strakhova L.P., Bartenev A.E. [Corporate entities in modern economy]. Menedzhment v Rossii i za rubezhom = Management in Russia and Abroad, 2000, no. 6, pp. 22–46. (In Russ.)
Reed S.F. Corporate Growth by Strategic Planning (Part 1): Developing a Strategy. Mergers & Acquisitions, 1977, vol. 12, pp. 4–27.
Ignatishin Yu.V. Sliyaniya i pogloshcheniya: strategiya, taktika, finansy [Mergers and acquisitions: Strategy, tactics, finance]. St. Petersburg, Piter Publ., 2005, 208 p.
Bazhanov P.R. [Creating vertically integrated companies in the oil industry as a factor of their competitiveness]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2008, no. 4-2, pp. 52–56. (In Russ.)
Butrin A.G., Yarushin D.L. [Evaluation and management of integration processes in the industry]. Sovremennye problemy nauki i obrazovaniya = Modern Problems of Science and Education, 2013, no. 6. (In Russ.) Available at: Link
Guzhva E.G., Agapov I.A. [Forms of integration of enterprise structures: A theoretical aspect]. Ekonomicheskoe vozrozhdenie Rossii = Economic Revival of Russia, 2011, no. 3, pp. 281–285. (In Russ.)
Matvienko D.Yu. [Forms of integration of companies]. Sovremennaya konkurentsiya = Journal of Modern Competition, 2012, no. 6, pp. 9–16. (In Russ.)
Miller A.I. [Integrated companies in the domestic industry: A historical aspect]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2012, no. 1, pp. 64–70. (In Russ.)
Bragg S. Sliyaniya i pogloshcheniya: prakticheskoe rukovodstvo [Mergers and Acquisitions: A Condensed Practitioner’s Guide]. Moscow, Maroseika Publ., 2011, 224 p.
Molotnikov A.E. Sliyaniya i pogloshcheniya. Rossiiskii opyt [Mergers and acquisitions. The Russian experience]. Moscow, Vershina Publ., 2006, 344 p.
Gaughan P.A. Sliyaniya, pogloshcheniya i restrukturizatsiya kompanii [Mergers, Acquisitions and Corporate Restructurings]. Moscow, Al'pina Pablisherz Publ., 2010, 741 p.
Brealey R., Myers S. Printsipy korporativnykh finansov [Principles of Corporate Finance]. Moscow, Olimp-Biznes Publ., 2008, 1008 p.
Copeland T., Koller T., Murrin J. Stoimost' kompanii: otsenka i upravlenie [Valuation: Measuring & Managing the Value of Companies]. Moscow, Olimp-Biznes Publ., 2005, 576 p.
Evans F.C., Bishop D.M. Otsenka kompanii pri sliyaniyakh i pogloshcheniyakh: Sozdanie stoimosti v chastnykh kompaniyakh [Valuation for M&A: Building Value in Private Companies]. Moscow, Al'pina Biznes Buks Publ., 2004, 332 p.
Reed S.F., Lajoux A.R. Iskusstvo sliyanii i pogloshchenii [The Art of M&A: A Merger Acquisition Buyout Guide]. Moscow, Al'pina Biznes Buks Publ., 2004, 958 p.
Van Horne J.C. Osnovy upravleniya finansami [Fundamentals of Financial Management]. Moscow, Finansy i Statistika Publ., 2003, 800 p.
Botalova V.V. [Theoretical foundations of mergers and acquisitions in Russia and abroad]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2013, no. 10, pp. 76–87. (In Russ.)
Radygin A., Entov R. [Market of mergers and acquisitions: New theoretical approaches]. Ekonomicheskaya politika = Economic Policy, 2010, no. 5, pp. 67–91. (In Russ.)
Radygin A., Entov R. Problemy sliyanii i pogloshchenii v korporativnom sektore [Problems of mergers and acquisitions in the corporate sector]. Moscow, IET Publ., 2002, 153 p.
Dracheva E.L., Libman A.M. [Problems of definition and classification of integrated corporate structures]. Menedzhment v Rossii i za rubezhom = Management in Russia and Abroad, 2001, no. 4, pp. 37–53. (In Russ.)
Son'kin N.B. Korporatsii: teoreticheskie i prikladnye problemy [Corporations: Theoretical and applied problems]. Moscow, Moskovskaya vysshaya yazykovaya shkola Publ., 1999, 394 p.