Воспроизводственная природа корпоративных слияний и поглощений в нефинансовом секторе экономики

Цикличность процессов развития на основе интеграции и дезинтеграции характерна для открытых систем различной природы, включая социально-экономические. Нефинансовый сектор корпоративной экономики рассматривается в качестве открытой системы, специфика процессов производства продуктов в которой характеризует ее как среду, способную к воспроизводству интеграционных процессов. Выявлены факторы воспроизводственной природы корпоративной интеграции в нефинансовом секторе экономики, к каковым относятся влияние трансформаций состояний внешнего окружения бизнеса, человеческий фактор и изменение состояний и возможностей компаний на соответствующих этапах их жизненного цикла.
This paper is devoted to the development of open systems that can have evolutionary reproduction character in conditions of constantly changing characteristics of an external environment. Integration processes are objective tendencies in development. Integration processes in the corporate sphere have the reproduction nature. Authors note that the development of national and global economic systems stimulated by corporate integration generates formation of external operating conditions, new for enterprises, that stimulates new waves of integration or disintegration. Achievement of the initial purposes of integration, including achievement of a certain economic power of corporation, can become a disaggregation factor by means of separate productions allocation for a further increment of business efficiency and competitiveness. The analysis shows that modern economic literature leds to the conclusion that recurrence of processes of merges and absorption is considered by them only as result of external influence of development of the related systems. The question of the nature (factor) of reproduction processes in the corporate sphere isn't studied enough. The article considers the problems of the nature of reproduction's type of corporate integration in non-financial sector of economy. The paper presents the author's interpretation of the corporations life cycle which is admitted conditionally infinite that is generated by change of phases of integration and disintegration.