N.M.Leepsa, Chandrasekhar Mishra
Asia-Pacific Finance and Accounting Review Vol. I, No. 1, Oct-Dec 2012
Publication year: 2012

Mergers and Acquisitions (M&A) are the inorganic growth strategies which have got its significance in today’s corporate world due to the intensely competitive business environment. WhileM&Ais considered as one of the strategies for growth, the companies are expected to perform post-M&A so that those are proved to create wealth for shareholders. From the literature review, it is found that there is no conclusive evidence about the impact of M&Aon corporate performance. Moreover, in recent period M&Adeals have gone up manifold. Hence there is a need to look into the post-M&A performance of companies. The present study is an attempt to find out the difference in post-acquisition performance compared with pre-acquisition in terms of profitability, liquidity, and solvency. The scope of
the study is limited to manufacturing sector companies in India. The statistical tools used are Paired Sample t-Test
and Wilcoxon Signed Ranks Test.

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