Formation of Integrated Industrial Companies under Current Conditions


  •  Alexander Yemelianovich Miller    
  •  Nadezhda Viktorovna Miller    
  •  Lyudmila Mikhailovna Davidenko    

Abstract

Economic researches in the area of integrated interrelations between industrial companies are particularly topical under conditions of globalization. The goal of this scientific research is to investigate the essence of integrated process with the participation of economic entities of the fuel and energy complex. In order to achieve the goal, the essence of industrial integration under current conditions was determined; its role in the development of integrated industrial structures of the fuel and energy complex of economy was defined; elements of the process of industrial integration on the basis of innovations and manufacture modernization were classified. In order to extend the research, special literature stating approaches to efficient management in the area of business combination is reviewed. Terms and conditions of establishing and conducting business in the country are characterized as the basis for integration processes. Integration of companies on the basis of merger and acquisition (M&A abbreviation) transactions is regarded as a special financial and economic tool. Measures on internal integration of manufacturing complexes on the basis of modernization and innovations are offered.


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