Impact Of Mergers And Amalgamation On The Performance Of Indian Companies
AbstractThis paper is an attempt to evaluate the impact of Mergers on the performance of the companies. Theoretically it is assumed that Mergers improves the performance of the company due to increased market power, Synergy impact and various other qualitative and quantitative factors. Although the various studies done in the past showed totally opposite results. These studies were done mostly in the US and other European countries. I evaluate the impact of Mergers on Indian companies through a database of 40 Companies selected from CMIE’s PROWESS, using paired t- test for mean difference for four parameters; Total performance improvement, Economies of scale, Operating Synergy and Financial Synergy. My study shows that Indian companies are no different than the companies in other part of the world and mergers were failed to contribute positively in the performance improvement.
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Bibliographic InfoPaper provided by EconWPA in its series Finance with number 0506007.
Length: 14 pages
Date of creation: 08 Jun 2005
Date of revision:
Note: Type of Document - pdf; pages: 14
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Mergers; Amalgamation; Acquisition; Horizontal Mergers; Vertical Mergers; Backward Integration; Foreword Integration; Circular Mergers; Conglomerate Mergers; Congeneric Mergers;
Find related papers by JEL classification:
- G - Financial Economics
This paper has been announced in the following NEP Reports:
- NEP-ACC-2005-06-14 (Accounting & Auditing)
- NEP-ALL-2005-06-14 (All new papers)
- NEP-COM-2005-06-14 (Industrial Competition)
- NEP-FMK-2005-06-14 (Financial Markets)
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- Sinha, Pankaj & Gupta, Sushant, 2011. "Mergers and Acquisitions: A pre-post analysis for the Indian financial services sector," MPRA Paper 31253, University Library of Munich, Germany.
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