Industry-Adjusted Post-M&As Operating Performance of Indian Acquirers
Rajeesh Viswanathan1, Neethu T C2, Arun T C3, Jahira Parveen4
1Dr. Rajeesh Viswanathan, Assistant Professor, Department of International Business, School of Management, Pondicherry University, Pondicherry (Tamil Nadu), India.
2Neethu T C, Department of International Business, School of Management, Pondicherry University, Pondicherry (Tamil Nadu), India.
3Arun T C, Department of Management, School of Management, Pondicherry University, Karaikal Campus, Karaikal, (Tamil Nadu), India.
4Dr. Jahira Parveen, Faculty of Management, SRM Institute of Technology, Chennai (Tamil Nadu), India.
Manuscript received on 04 July 2019 | Revised Manuscript received on 14 August 2019 | Manuscript Published on 27 August 2019 | PP: 419-421 | Volume-8 Issue-2S4 July 2019 | Retrieval Number: B10810782S419/2019©BEIESP | DOI: 10.35940/ijrte.B1081.0782S419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: 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.
Keywords: Mergers and Acquisitions, Operating Performance, Wilcoxon Ranked Test, Mode of Payment.
Scope of the Article: Social Sciences