This paper uses a rich panel data set of Indian manufacturing firms to analyze the effects of domestic and international acquisitions on various outcomes at target firm and product level. We apply recent methodological advances in the estimation of production functions together with information...

Mergers, acquisitions and corporate control have emerged as major forces in the modern financial and economic environment. The mergers and acquisitions in India have changed dramatically after the liberalization of Indian economy. To assess the impact of an “event” announcement of a tender...

Mergers and acquisition becomes the major force in the changing environment. The policy of liberalisation, decontrol and globalisation of the economy has exposed the corporate sector to domestic and global competition. To determine the success of a merger, it is to be ascertained if there is...

In the turbulent global economy, mergers and acquisitions of industries takes place to protect Indian businesses. Such mergers and acquisitions are taking place in Heavy Industries and in major service industries. This paper investigates the context, process and consequences of the merger of...

The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal returns due to the announcement of mergers and acquisitions (M&A) and return on equity funds five years before and after M&A have been examined. The study also performs a...

This paper addresses the relevance of Hubris theory of mergers and acquisitions in the Indian context. We apply event study methodology to examine the short-term market response to merger announcements in the Indian banking and information technology industry.The overall findings report...

The study attempts to examine the impact of merger events on the stock price behavior of acquirer as well as the target shareholders in the Indian banking industry. OLS Market Model and Constant Market Model were applied to study a sample of (17) merger announcements both by Private and Public...

The objective of this paper is to study, why organizations take the inorganic mode of expansion. However, the main focus is on studying the operating performance and shareholder value of acquiring companies and comparing their performance before and after the merger. To conduct a uniform...

Mergers and acquisitions (M&As) are strategic decisions taken for maximization of a company's growth by enhancing its production and marketing operations. They are being used to gain strength, expand the customer base, cut competition or enter into a new market or product segment. When...