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M&A Attractiveness Index 2017: Russia: Count the Roubles Not the Politics

Moeller, S. ORCID: 0000-0001-5136-0004 & Skourikhine, S. (2017). M&A Attractiveness Index 2017: Russia: Count the Roubles Not the Politics. MARC Working Paper Series 2017.


An invasion of the Crimea, interference in the Ukraine, a large list of companies blacklisted overseas, concerns over the openness of the next election and accusations of interference in the US presidential election. Not a good time to invest in Russia then. But Russia is a country of vast natural resources, is the world’s largest nation by geographic site, has a large population (144 million) and has one of the cheapest stock markets in the world (trading on just 7x historic earnings). So, do the latter attractions outweigh the opening issues?

This report investigates the relationship between changes in political risk levels and the long-term success of cross-border acquisitions in Russia.

Publication Type: Monograph (Working Paper)
Subjects: D History General and Old World > DK Russia. Soviet Union. Former Soviet Republics
H Social Sciences > HG Finance
Departments: Bayes Business School > Finance
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