Analysts usually estimate the cost of capital by using the market capitalization as a proxy for equity, and the book value of debt as a proxy for debt. This method is often justified by arguing that for healthy companies there is not much of a difference between the book and the market values of...

We explore the effect of industry relatedness on the performance of Indian acquirers using both short run and long run performance measures. We argue that mergers and acquisitions are distinct strategies, because of the unique regulatory structure and equity ownership pattern that exists in...