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...

The present paper is an attempt to explore the influence of method of payment employed in financing the acquisitions. The aim of the present paper is to investigate the returns to acquirer shareholders in the case when a combination of cash and stock are used as mode of payment. The study also...

Mergers and acquisitions (M&As) have long been a popular element of corporate strategy and represent an important alternative for strategic expansion through inorganic growth. This paper investigates motives and trend of merger activities of Indian companies during the period 2003-08. The survey...

In the present paper, we construct a corporate governance index for a sample of 93 Indian companies listed on Bombay Stock Exchange and National Stock Exchange. The index is based on a comprehensive set of 64 governance attributes for these sample companies, the companies, then, have been...

This paper examines the share price performance of domestic mergers and acquisitions in India during the period 2003-2008. The focus of the paper is on the shareholders of acquiring firms. The present work performs a disaggregated analysis for sub-samples based on the status of the target firm...

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...