TITLE:
A Study on Mergers and Acquisition in India and Its Impact on Operating Efficiency of Indian Acquiring Company
AUTHORS:
Natika Poddar
KEYWORDS:
Mergers, Acquisition, Pre, Post, Operating, Performance
JOURNAL NAME:
Theoretical Economics Letters,
Vol.9 No.4,
April
24,
2019
ABSTRACT: Merger and Acquisition had been the most popular means
of inorganic expansion of companies over the years. It is extensively used for
restructuring the business organizations. Companies undertake mergers and
acquisitions based on strategic business motivations that are, in principal,
economic in nature. This research study attempts to evaluate the impact of pre
and post financial performance of the acquirer companies. This will be done by
comparing the pre-merger and post-merger performance of the acquirer company in
selected M & A deals in India in two periods—2007-2008
(selected due to 2008 global financial crisis) and
2012-2013 (Many deals rose after 2010 and then again in 2012-2013) using select financial ratios and paired t test
at 5% significance.