Purpose: The purpose of this paper is to examine the capital structure determinants and speed of adjustment (SOA) toward the target capital structure of firms. Design/methodology/approach: The study has used the generalized method of moments (GMM) model and two-stage least squares (TSLS) to the...

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...