Saraswathy The Globalisation of Indian Business

Cross border Mergers and Acquisitions in Indian Manufacturing
Erscheinungsjahr 2017
ISBN: 978-1-351-72873-7
Verlag: Taylor & Francis
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 180 Seiten

Reihe: Routledge Studies in the Economics of Business and Industry

There are a good number of studies in the Indian context, which have examined the general trends in post-merger performance. However, this is the first book to attempt an analysis of the aforementioned issues, (that is, impact on technological performance, production efficiency and market competition), in detail, using appropriate statistical and econometric techniques.

The book takes a comparative perspective, involving domestic and cross-border deals. The author analyses the changing nature of foreign investment in the form of mergers and acquisitions vis-à-vis domestic deals, using a new database on mergers and acquisitions. More specifically, she provides an insight into whether the consolidation strategy adopted by firms has helped them to achieve their desired objectives in terms of improvement in technology, enhancement of efficiency and market power in the context of increasing mergers and acquisitions in India, especially since the 1990s.

The book is of importance within the context of Competition Law, which aims to maintain competition and protect consumers’ interests without harming that of the producers’. It analyses the role of cross-border mergers and acquisitions in changing the level of concentration and its policy implications and while it cautions the regulators to rethink the efficiency defense argument and become more vigilant on monopolies creation, it also suggests that firms should reconsider their post-merger integration strategy, since consolidation has not led to a sustainable increase in market shares of the surviving firms.

Autoren/Hrsg.

Saraswathy, Beena

Fachgebiete

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

Inhaltsverzeichnis

1. Introduction

2. Concepts, Evolution and Policy Points

3. Cross-border Deals: Extent, Nature and Structure

4. Mergers and Technological Performance

5. Production Efficiency with Mergers and Acquisitions

6. Mergers, Competition and Concentration

7. The Post Merger Integration: Some Ignored Dimensions

8. Conclusions and Policy Implications