Raiding as a Treat to Economic Security of Kuzbass Coal Mining Enterprises

E-ISSN： 2267-1242|41|issue|04016-04016

ISSN： 2267-1242

Source： E3S Web of conferences, Vol.41, Iss.issue, 2018-06, pp. : 04016-04016

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Abstract

The paper deals with the phenomenon of raiding, which has become widespread and poses a threat to economic security of Russia in recent years. The wave of raiding is aimed at coal mining enterprises of Kuzbass, which have a stable holding structure and rising property prices due to development of strategic markets. In Russia almost all cases of hostile acquisition are accompanied by violation of civil, administrative, financial and criminal legislation. Raiding the market for corporate control caused by imbalance of current structure of ownership and control. The effect of raider acquisitions is damage to economy, social sphere and investment climate of Kuzbass and Russia. More aggressive and less civilized nature of raider acquisitions in Russia in comparison with other countries is conditioned by the specifics of socio-economic and institutional environment. In this regard, raiding in Russia doesn’t lead to effective distribution of rights to economic assets, but to aggravation of socio-economic and legal problems. Development trends of raiding currently characterized by a growing number of participants and complexity of forms of hostile acquisitions and ways of providing exposures.