A Study of Recent Mergers and Acquisitions in India and Their Impact on The Operating Performance and Shareholder Wealth

Pacheriwala, Rohit (2009) A Study of Recent Mergers and Acquisitions in India and Their Impact on The Operating Performance and Shareholder Wealth. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

This dissertation is a study on the objectives of mergers and acquisitions, as to why organisations undertake the inorganic mode of expansion. However the main focus is on studying the operating performance and shareholder value of acquiring companies and comparing their performance before and after the merger. To conduct a uniform research and arrive at an accurate conclusion, we restrict our research to only Indian companies. To get a broader perspective on India, we study 4 sectors namely aviation, banking, steel and oil and gas.

We test a hypothesis that mergers improve operating performance of acquiring companies. However on studying the cases on the 4 sectors, we conclude that as in various previous studies, mergers do not improve financial performance at least in the immediate short term.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 03 Feb 2010 14:33
Last Modified: 16 Feb 2018 09:41
URI: https://eprints.nottingham.ac.uk/id/eprint/23090

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