Trends and Patterns of Overseas Acquisitions by Indian Multinationals

Pradhan, Jaya Prakash

Trends and Patterns of Overseas Acquisitions by Indian Multinationals

Pradhan, J. P., INDIAN MULTINATIONALS IN THE WORLD ECONOMY: IMPLICATIONS FOR DEVELOPMENT, pp. 37-70, Bookwell Publisher, New Delhi, 2008

ISID Working Paper No. 2007/10

42 Pages Posted: 30 Nov 2009

See all articles by Jaya Prakash Pradhan

Jaya Prakash Pradhan

Sardar Patel Institute of Economic & Social Research; Central University of Gujarat

Date Written: October 2007

Abstract

This study deals with the recent phenomena of rising overseas acquisitions undertaken by Indian multinationals. It studies the trends, patterns and locational determinants of Indian overseas acquisitions. Hitherto largely preoccupied with greenfield OFDI since the early 1960s, this study shows that Indian multinationals have increasingly started adopting acquisition as a global growth strategy to serve a variety of their firm-specific objectives like accessing new markets, foreign strategic assets, and trade-supporting infrastructure. As part of the locational analysis, a set of factors such as host country market, skill endowment and import intensity from India, came out to be important cross-country pull factors for Indian overseas acquisitions.

Keywords: Multinational Firms, International Business, Mergers, Acquisitions

JEL Classification: F23, G34

Suggested Citation: Suggested Citation

Pradhan, Jaya Prakash and Pradhan, Jaya Prakash, Trends and Patterns of Overseas Acquisitions by Indian Multinationals (October 2007). Pradhan, J. P., INDIAN MULTINATIONALS IN THE WORLD ECONOMY: IMPLICATIONS FOR DEVELOPMENT, pp. 37-70, Bookwell Publisher, New Delhi, 2008, ISID Working Paper No. 2007/10, Available at SSRN: https://ssrn.com/abstract=1515632