Features of evaluating the effectiveness of M&A transactions in China and Russia: differences in approaches and success factors

This article examines the specifics of assessing the effectiveness of M&A transactions in Russia and China, taking into account industry differences between the national economies. It analyzes examples of transactions by major companies in both Russian and Chinese practices. A comparative analysis of approaches to assessing the effectiveness of M&A transactions in the two countries is provided. The study found that in Russia, assessing the effectiveness of M&A transactions is based on traditional financial metrics, while in China, a more comprehensive approach is used, incorporating strategic, innovative, technological, and institutional indicators that reflect the long-term effects of business integration. The study focuses on assessing the level of development of financial markets and corporate governance. The article highlights the key factors that determine the success of transactions covered in the study in the countries under consideration and analyzes the advantages and limitations of the evaluation tools. The authors formulate conclusions regarding the adaptability and applicability of Chinese experience in comprehensively assessing the effectiveness of M&A transactions in Russian practice to improve the quality of management decisions and the sustainability of corporate development. The research materials may be useful to decision-makers in the fields of corporate finance and investment analysis, as well as to all interested parties studying the processes described in the article in countries with different economic development models.