Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions
I analyse, what is the differences in abnormal returns to acquiring firm shareholders for cross-border and domestic acquisitions in India? Does the acquiring firm characteristics have a significant impact on acquiring firm’s shareholder wealth for both cross-border and domestic acquisitions? For the...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2011
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| Online Access: | https://eprints.nottingham.ac.uk/24744/ |
| _version_ | 1848792849630363648 |
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| author | Rama Bhadran Shamala, Srikanth |
| author_facet | Rama Bhadran Shamala, Srikanth |
| author_sort | Rama Bhadran Shamala, Srikanth |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | I analyse, what is the differences in abnormal returns to acquiring firm shareholders for cross-border and domestic acquisitions in India? Does the acquiring firm characteristics have a significant impact on acquiring firm’s shareholder wealth for both cross-border and domestic acquisitions? For the purpose of this study I have collected a total sample of 200 Indian acquiring companies, comprising of 100 cross-border acquiring companies and 100 domestic acquiring companies respectively, for the period 2000-2008. Using the mean values of CAR I have documented that for acquirers in India, cross-border acquisitions are more beneficial than domestic acquisitions. Using CAR, financial, growth, size, free cash flow and management variables I have found evidence that acquiring firm characteristic’s have a significant impact on acquiring firm’s shareholder wealth. |
| first_indexed | 2025-11-14T18:50:56Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-24744 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:50:56Z |
| publishDate | 2011 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-247442018-02-08T13:50:57Z https://eprints.nottingham.ac.uk/24744/ Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions Rama Bhadran Shamala, Srikanth I analyse, what is the differences in abnormal returns to acquiring firm shareholders for cross-border and domestic acquisitions in India? Does the acquiring firm characteristics have a significant impact on acquiring firm’s shareholder wealth for both cross-border and domestic acquisitions? For the purpose of this study I have collected a total sample of 200 Indian acquiring companies, comprising of 100 cross-border acquiring companies and 100 domestic acquiring companies respectively, for the period 2000-2008. Using the mean values of CAR I have documented that for acquirers in India, cross-border acquisitions are more beneficial than domestic acquisitions. Using CAR, financial, growth, size, free cash flow and management variables I have found evidence that acquiring firm characteristic’s have a significant impact on acquiring firm’s shareholder wealth. 2011-04-28 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/24744/1/srikanth.pdf Rama Bhadran Shamala, Srikanth (2011) Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Rama Bhadran Shamala, Srikanth Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions |
| title | Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions |
| title_full | Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions |
| title_fullStr | Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions |
| title_full_unstemmed | Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions |
| title_short | Firm Characteristic’s and Shareholder Wealth Effects: An Acquiring Firm perspective in India for Cross-border and Domestic Acquisitions |
| title_sort | firm characteristic’s and shareholder wealth effects: an acquiring firm perspective in india for cross-border and domestic acquisitions |
| url | https://eprints.nottingham.ac.uk/24744/ |