The Globalisation of Indian Business

Cross Border Mergers and Acquisitions in Indian Manufacturing
1. Auflage 2017
ISBN: 978-1-138-74027-3
Verlag: Taylor & Francis

Buch, Englisch, 180 Seiten, Format (B × H): 147 mm x 221 mm, Gewicht: 408 g

Reihe: Routledge Studies in the Economics of Business and Industry

Consolidation activities such as mergers and acquisitions (M&As) have been one of the major strategies adopted by Indian firms to withstand global competition. M&As experienced a substantial increase in value and volume during the post-liberalization era, facilitated by the presence of foreign subsidiaries in the Indian market as well as competitive pressure on domestic firms. The increased foreign investment through M&As brought new dimensions to the fore such as the implications on technological performance, efficiency, and more importantly, competition in the Indian market.

The Globalisation of Indian Business: Cross Border Mergers and Acquisitions in Indian Manufacturing provides an in-depth analysis of these issues, specifically aiming to understand whether the M&As strategies helped the firms to achieve their desired objectives in terms of improvement in technology, efficiency and market power in the context of the increase of M&As in India, using appropriate statistical and econometric techniques.

The book is of additional importance in the context of the recently implemented Competition Act, replacing the thirty year old MRTP Act in India. The new Act aims to maintain competition and protect consumers’ interests without harming that of the producers’. Based on the analysis, broadly, the study cautions the regulators to rethink the efficiency defence argument and become more vigilant on the creation of monopolies. On the other side, it suggests firms should reconsider their post-merger integration strategy since consolidation has not led to a sustainable increase in market share of the surviving firms.

Autoren/Hrsg.

Saraswathy, Beena

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Fertigungsindustrie
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Mergers & Acquisitions (M&A), Übernahmen & Buy-outs

Inhaltsverzeichnis

ContentsList of Tables and FiguresAbbreviationsIIntroduction1.1Introduction1.2Why Firms are Crossing Borders?1.3Opportunities and Challenges from Consolidation1.4Emerging issues…ReferencesTables and FiguresIIConcepts, Evolution and Policy Points2.1Concepts of Mergers and Acquisitions2.2Mergers and Acquisitions in History: The Case of USA and UK2.3Government Intervention: Merger Regulations in India2.4The Deal Shaping ProcessReferencesTables and FiguresIIICross-border Deals: Extent, Nature and Structure3.1An Overview of Global Scenario3.2Industry-wise Intensity of Cross-border Deals3.3Nature and Significance of Indian Deals3.4Foreign Acquisition of Indian Firms Abroad 3.5Issues for ResearchReferencesTables and FiguresIVM&As and Technological Performance4.1M&As and Innovation Creation4.2Innovation Concerns in the Competition Act4.3Data and Methodology4.4

Über Autor(innen)

Beena Saraswathy is Assistant Professor at the Institute for Studies in Industrial Development (ISID), New Delhi. She has completed MPhil in Applied Economics and Doctoral Degree in Economics from Centre for Development Studies, Thiruvananthapuram, Kerala (Jawaharlal Nehru University, New Delhi). Before joining ISID, she had been working with Indian Council for Research on International Economic Relations (ICRIER) and Competition Commission of India (CCI) under the Ministry of Corporate Affairs (MCA), Government of India (GOI). Her research interests include market competition, mergers and acquisitions, the pharmaceutical industry, business groups in India and contemporary development issues.