Analyzing determinants of value creation in domestic and cross border acquisitions in India

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dc.contributor.author Reena, Kohli
dc.contributor.author Mann, Bikram Jit Singh
dc.date.accessioned 2015-04-22T07:27:29Z
dc.date.available 2015-04-22T07:27:29Z
dc.date.issued 2012
dc.identifier.uri http://hdl.handle.net/2259/383
dc.description International Business Review 21 (2012 998-1016) en_US
dc.description.abstract The present study seeks to assess the acquiring company announcement gains, and determinants thereof, in domestic and cross border acquisitions in India. For this purpose, 268 acquisitions comprising of 202 cross border acquisitions and 66 domestic acquisitions constitute the sample set. Standard event study methodology has been employed for computing the announcement returns. Further, regression analysis has been conducted to assess the sources of wealth gains in domestic and cross border acquisition. The results of event study indicate that cross border acquisitions have created significantly higher wealth gains than the domestic ones. Further, the results of regression analysis highlight that cross border acquisitions, pursued by the acquiring companies in technology intensive sector, for the target companies also in technology intensive sector, create superior wealth gains. The reason being, such cross border acquisitions provide an opportunity to the acquiring company to combine... en_US
dc.language.iso en en_US
dc.publisher Elsevier en_US
dc.subject Bid specific factors en_US
dc.subject Cross border acquisitions en_US
dc.subject Domestic acquisitions en_US
dc.subject Internalization en_US
dc.subject Mergers and acquisitions en_US
dc.subject Market imperfections en_US
dc.title Analyzing determinants of value creation in domestic and cross border acquisitions in India en_US
dc.type Article en_US


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  • Journal Articles [14]
    This collection consists of published and nonpublished articles of IIMK Community.

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