Systematic Review on Financial Performance of Mergers and Acquisitions in India

IF 3.1 Q2 BUSINESS

Vision-The Journal of Business Perspective Pub Date : 2018-04-19 DOI:10.1177/0972262918766137

Arpita Mehrotra, A. Sahay

引用次数: 10

Abstract

The Mergers and Acquisitions (M&A) wave was triggered post-liberalization in 1991. The liberalized policies included removal of industrial licensing as well as lifting of Monopolistic and Restrictive Trade Practice (MRTP) Act. The strategies embarked the advent of new emerging scenario where the combining businesses became a well-opted measure to fight the cut-throat competition through better governance in India. The purpose of this article is to review literature already published pertaining to post-merger financial performance of acquirers. The review revealed that the research is mostly focused on the deals which took place in developed nations where M&A came into vogue as early as late nineteenth century. Further, most of them were announcement-related. The review brought out the gap in research undertaken in emerging nations. This article attempts to help the researchers to the understanding of the issues in M&A and recommends avenues for future research.

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印度企业并购财务绩效的系统评价

并购(M&A)浪潮是1991年自由化后引发的。自由化政策包括取消工业许可以及取消《垄断和限制贸易行为法》。这些战略开启了一种新兴局面的到来，即企业合并成为印度通过更好的治理来应对激烈竞争的一种明智措施。本文的目的是回顾已经发表的有关收购方合并后财务业绩的文献。该评论显示，研究主要集中在并购早在19世纪末就开始流行的发达国家进行的交易。此外，其中大多数都与公告有关。这篇综述指出了新兴国家在研究方面的差距。本文试图帮助研究者对并购中的问题有所了解，并为未来的研究提出建议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Vision-The Journal of Business Perspective Multiple-

CiteScore

4.60

自引率

0.00%

发文量

121

期刊介绍： Vision-The Journal of Business Perspective is a quarterly peer-reviewed journal of the Management Development Institute, Gurgaon, India published by SAGE Publications. This journal contains papers in all functional areas of management, including economic and business environment. The journal is premised on creating influence on the academic as well as corporate thinkers. Vision-The Journal of Business Perspective is published in March, June, September and December every year. Its targeted readers are researchers, academics involved in research, and corporates with excellent professional backgrounds from India and other parts of the globe. Its contents have been often used as supportive course materials by the academics and corporate professionals. The journal has been providing opportunity for discussion and exchange of ideas across the widest spectrum of scholarly opinions to promote theoretical, empirical and comparative research on problems confronting the business world. Most of the contributors to this journal range from the outstanding and the well published to the upcoming young academics and corporate functionaries. The journal publishes theoretical as well as applied research works.