Effective Consolidation as a Present-day Mode of Production Concentration
Abstract
Business activity consolidation is considered as necessary for Russian companies, to integrate effectively into the global economy. The article describes some tendencies of concentration in the Russian industry during the Soviet period and at the present. The authors formulate the principal problem of current business consolidation, namely, adjustment of two opposite trends: concentration of capital and concentration of ownership. The former means growth of average companies’ size and corporations, and the latter means decentralization of operations management together with diminishing average size of enterprises as production units. Authors investigate the perspectives for mergers and acquisitions and the networks as modes of economic activity consolidation.
Keywords:
consolidation, industrial concentration, decentralization, mergers and acquisitions, network structures
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.