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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...
Persistent link: https://www.econbiz.de/10011548253
Cross-border acquisitions by Indian companies have increased tremendously, especially during the last two decades, and the pharmaceutical industry is one of the top acquiring industries. This study verifies the relationship between cross-border acquisitions and shareholders’ wealth in the...
Persistent link: https://www.econbiz.de/10013471449
Acquisitions by emerging market firms of targets located in developed markets have increased drastically over the recent years. We use this setting to test Coffee's (1999) bonding hypothesis in a cross-border M&A context by examining whether acquirers adopt the corporate governance practices...
Persistent link: https://www.econbiz.de/10012901912
We examine the announcement returns of acquisitions made by Indian firms during the period 1995 to 2011. Our results confirm that the announcement returns to Indian acquirers are on average significantly positive. However, we are first to document that the announcement returns to Indian...
Persistent link: https://www.econbiz.de/10014165602
economy behind Japan and China. India's telecom density is not so high as compared to the western market. Many companies are …
Persistent link: https://www.econbiz.de/10013095667
China and India; remarkably so when the cash-rich target has a high growth opportunity. Second, cross-border acquisitions …
Persistent link: https://www.econbiz.de/10013038556
success of a merger, it is to be ascertained if there is financial gain from mergers. The present study is limited to a sample … of companies listed in BSE which underwent merger during the period of 2002-2005. It is proposed to compare the … performance after the merger event …
Persistent link: https://www.econbiz.de/10013127761
context, process and consequences of the merger of State Bank of Indore with the largest nationalized banking firm, State Bank … of India. Due to inadequate emphasis on the human resource aspect, employee resistance acted as impediment to merger of …
Persistent link: https://www.econbiz.de/10013113574
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...
Persistent link: https://www.econbiz.de/10013099698
study methodology to examine the short-term market response to merger announcements in the Indian banking and information … that the shareholders of the bidding firms would incur loss on merger announcements does not hold well in the Indian … perspective. Our findings demonstrate the contrary effect. The bidding firms at least do not fall in deficit from the merger deals …
Persistent link: https://www.econbiz.de/10013099969