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...

Indian pharmaceutical industry has carved out a unique place on the global map, not only as a manufacturer of generic drugs but also of new formulations, with growing emphasis on research and development and new drug discovery. The present paper examines the short-run abnormal returns to India...

This study analyses 268 cross-border acquisitions of Indian acquirer companies to capture the returns to shareholders as a result of the acquisition announcements during the period January 2003 to December 2008 using the event study methodology. We focus on cross border acquisitions, stake-wise...

Purpose – The purpose of this paper is to investigate the impact of mergers and acquisitions (M&A) on corporate performance. It addresses the major question related to the long-term performance of the acquiring firm. Design/methodology/approach – The paper uses the long-term pre- and...

The objective of the present paper is to investigate the influence of method of payment employed (cash, stock) in financing the acquisition, and to analyze the impact of the type of target firm (listed, unlisted) acquired on acquirers' return in cross-border acquisitions and domestic...

This field research study uses the responses from 2008 mail survey, conducted for private sector enterprises in India, to examine the managerial opinion about stock dividend (bonus shares) and the motives for issuing them. The sample consists of 544 firms that issued stock dividend during the...

This research paper is aimed at diagnosing the pricing inefficiencies prevailing in the Indian index options market. The inefficiencies are being revealed by testing the rational expectations hypothesis on the term structure of implied volatilities of index options. In the paper, an effort has...

The purpose of this paper is to investigate long run relationship between developed, emerging and frontier markets of Europe. The paper applies Zivot and Andrews unit root test to examine stationarity of index series in the existence of a structural break. To account for instability in the...

The present field study investigates Indian managers' opinion about stock splits and their motives for issuing them. The empirical findings of the survey reveal that management views stock splits as a tool that enhances trading liquidity. It brings the share price down to a preferred trading...

That risk measurement is the key to effective and efficient risk management needs no emphasis. This paper examines sensitivity of stock returns of 30 Indian banks (included in CNX500 index) to three risk factors -- interest rate, inflation rate and fluctuation in exchange rate. The study uses...