Open AccessIndustry-Adjusted Post-M&As Operating Performance of Indian Acquirers
Publication year - 2019
Publication title -
international journal of recent technology and engineering
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.