Rani, Neelam; Yadav, Surendra S.; Jain, P.K. - In: Vision 17 (2013) 1, pp. 1-16
The present article examines the short-run abnormal returns to India based mergers and acquisitions during 2003–2008 … by using event study methodology. The present work is based on a sample of 623 mergers and acquisitions. We find that … acquisitions by Indian companies significantly create short-term wealth on the announcement day to the shareholders of acquiring …