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Impact Of Mergers And Amalgamation On The Performance Of Indian Companies

Author

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  • Mahesh Kumar Tambi

    (IIMT, Hyderabad India)

Abstract

This paper is an attempt to evaluate the impact of Mergers on the performance of the companies. Theoretically it is assumed that Mergers improves the performance of the company due to increased market power, Synergy impact and various other qualitative and quantitative factors. Although the various studies done in the past showed totally opposite results. These studies were done mostly in the US and other European countries. I evaluate the impact of Mergers on Indian companies through a database of 40 Companies selected from CMIE’s PROWESS, using paired t- test for mean difference for four parameters; Total performance improvement, Economies of scale, Operating Synergy and Financial Synergy. My study shows that Indian companies are no different than the companies in other part of the world and mergers were failed to contribute positively in the performance improvement.

Suggested Citation

  • Mahesh Kumar Tambi, 2005. "Impact Of Mergers And Amalgamation On The Performance Of Indian Companies," Finance 0506007, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpfi:0506007
    Note: Type of Document - pdf; pages: 14
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/fin/papers/0506/0506007.pdf
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    Citations

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    Cited by:

    1. Anjala Kalsie & Neha Singh, 2023. "Deal Size and Synergy Gains: A Case of Indian M&A," Vikalpa: The Journal for Decision Makers, , vol. 48(4), pages 255-268, December.
    2. Sinha, Pankaj & Gupta, Sushant, 2011. "Mergers and Acquisitions: A pre-post analysis for the Indian financial services sector," MPRA Paper 31253, University Library of Munich, Germany.
    3. Qamar Abbas & Rashid Saeed & Ehsan-Ul-Hassan & Muhammad Shahzad Ijaz, 2014. "Analysis of Pre and Post Merger and Acquisition Financial Performance of Banks in Pakistan," Information Management and Business Review, AMH International, vol. 6(4), pages 177-190.
    4. Neha Kalra & Shaveta Gupta & Rajesh Bagga, 2013. "A Wave of Mergers and Acquisitions: Are Indian Banks Going Up a Blind Alley?," Global Business Review, International Management Institute, vol. 14(2), pages 263-282, June.
    5. Han Bao, 2017. "Evaluation of Pre and Post Demerger-Merger Performance: Using ABN AMRO Bank as an Example," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(2), pages 196-204, February.

    More about this item

    Keywords

    Mergers; Amalgamation; Acquisition; Horizontal Mergers; Vertical Mergers; Backward Integration; Foreword Integration; Circular Mergers; Conglomerate Mergers; Congeneric Mergers;
    All these keywords.

    JEL classification:

    • G - Financial Economics

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