Open AccessIndustry-Adjusted Post-M&As Operating Performance of Indian Acquirers
Author(s) -
Rajeesh Viswanathan,
Asst Prof,
Jahira Parveen,
E Berkovitch,
M Narayanan,
O Bertrand,
M betschinger,
A Dickerson,
H Gibson,
E,
T Fang,
C Fridh,
S Schultzberg,
A Ghosh,
J Haleblian,
C Devers,
G Mcnamara,
M Carpenter,
R Davison,
M Jensen,
T Kruse,
H Park,
K Park,
K Suzuki,
S Kumar,
L Bansal,
R Larsson,
S Finkelstein,
S Linn,
J Switzer,
N Pangarkar,
H Lim,
V Pawaskar,
M Pazarskis,
M Vogiatzogloy,
P Christodoulou,
G Drogalas,
R Powell,
A Stark,
R Rahman,
R,
D Sharma,
J Ho
Publication year - 2019
Publication title -
international journal of recent technology and engineering (ijrte)
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.b10810782s419
Subject(s) - wilcoxon signed rank test , business , cash , payment , earnings before interest and taxes , stock (firearms) , monetary economics , finance , economics , mathematics , statistics , mann–whitney u test , engineering , mechanical engineering
This paper examines the post-merger and acquisitions (M&As) operating performance of Indian companies occurred during 2006-2012. The study focuses onindustry-adjusted operating performance measures using data from 2001 to 2017. With the use of Wilcoxon Ranked Test, the study found the deteriorating post-M&As performance of Indian companies on an average. The mode of payment has a significant role in explaining post-M&As performance. It is found that the post-M&As operating performance is worst in stock financed deals than that of cash financed deals.
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