SYNERGETIC EFFECT OF CORPORATE MANAGEMENT
The paper speaks about holdings and synergy effect, which is explained by developing and productive interaction between participants. It results in easy resource exchange in holdings, their common employment that contributes efficiency of holdings; fast information exchange in holdings which contributes to appropriate and efficient response to changes of internal and external environment and make efficient decisions; developed interaction between participants of agroholding in industrial, supply, financial and research areas contribute to implementation of joint projects supporting enterprises in capturing the share of market. Estimation of synergy effect calculates and explains how much the total result exceeds or underrates compounding factors. The authors apply DCF method to calculate synergy effect as a comparison of company value before merger and value of merger company adjusted for integration costs, changes in sales, client base, staff etc.