Estimation of business value in integrating processes

Abstract

The results of the investigations of existing approaches to business valuation concerning the integration process have proved that the majority of business valuation methods is difficult or impossible to use for business valuation in Ukraine due to lack of a developed M&A market, objective information concerning their activity, underdevelopment of the stock market that leads to unfounded assessments of the integrated structures value. In order to avoid the overstatement of the domestic enterprises assets in the M&A process it has been proposed to use the system of indicators that characterize the efficiency and productivity of the separate enterprise and as well as of future integrated structure. Also it concerns the methods which allow to predict and simulate the behavior of complex structures in a context of uncertainty. It has been developed the algorithm of the businesses integration expediency. It is based on the adaptation of quantum physics methods and tools to the study of the interaction in the economic world. It can lead to a greater verisimilitude of forecasting data. However, there is no adequate way to measure the efficiency of companies in modern economic theory. Therefore, further research will be focused on development of methods and tools for evaluation the effectiveness of the integration processes within the framework of quantum theory of measurement results.