Mergers and Acquisitions in the Indian Pharmaceutical Industry: Nature, Structure and Performance
AbstractThis paper tries to address the extent, nature and impact of the recent surge in consolidation strategies especially in the form of mergers and acquisitions followed by the firms in the Indian pharmaceutical industry. The study found that many of the firms are implementing these strategies in the new context of globalisation mainly to overcome the acute competition arising out of the pro-market reforms and to strengthen their market portfolio. The study reaches the conclusion that the consolidation strategies followed by the firms enabled them to cut down the wasteful expenses to a greater extent and which resulted in better performance of the merging firms compared to the non-merging firms in this industry.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8144.
Date of creation: 28 Jun 2006
Date of revision: 28 Jun 2007
mergers; acquisitions; consolidation; pharmaceutical industry; performance;
Find related papers by JEL classification:
- L6 - Industrial Organization - - Industry Studies: Manufacturing
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- L80 - Industrial Organization - - Industry Studies: Services - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-15 (All new papers)
- NEP-CFN-2008-04-15 (Corporate Finance)
- NEP-COM-2008-04-15 (Industrial Competition)
- NEP-CSE-2008-04-15 (Economics of Strategic Management)
- NEP-CWA-2008-04-15 (Central & Western Asia)
- NEP-IND-2008-04-15 (Industrial Organization)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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