Long Term Performance of Mergers & Acquisitions in India
Harita Nair1, Dileep G Menon2

1Harita Nair, Department of Management, Amrita Vishwa Vidyapeetham, Kollam, Kerala, India.
2Dileep G Menon, Assistant Professor, School of Commerce, Narsee Monjee Institute of Management Studies (NMIMS), Hyderabad, Telangana, India.

Manuscript received on 02 June 2019 | Revised Manuscript received on 10 June 2019 | Manuscript published on 30 June 2019 | PP: 3059-3063 | Volume-8 Issue-8, June 2019 | Retrieval Number: H7072068819/19©BEIESP
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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: The research paper studies mergers and acquisitions (M&As) in India and examines the post-M&A performance using data from 2001 to 2015. The long-term performance after a year of M&A is taken for study and is measured in comparison with the combined performance of Companies before merger. We find that, certain characteristics of the companies like pre-merger operating performance and attitude of deals – friendly or not are important determinants of long-term post-M&A operating performance. However, for M&As in that period, there appears to be no major effect on performance of firms’ characteristics linked to M&A activity such as consideration structure, cash reserves of the acquirer, same industry and target’s share acquired.
Keyword: Mergers, Acquisitions, Domestic Companies, India, ROA, Margin.
Scope of the Article: Measurement & Performance Analysis.