Production Efficiency of Firms with Mergers and Acquisitions in India

Posted: 30 Apr 2019

See all articles by Beena Saraswathy

Beena Saraswathy

Institute for Studies in Industrial Development

Date Written: January 1, 2018

Abstract

Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency gains and the likely effect on market power creation. However, the realities may be different from the expected synergy creation since merger regulations are ex ante in nature. The present study is an attempt to understand how far the expected efficiency gains are actually achieved by the firms entering into consolidation in India, which experienced large number of mergers and acquisitions especially after the economic reforms of 1990s. Specifically, we have examined the technical efficiency of the firms involved in mergers and acquisitions, separately for cross-border and domestic deals.

Keywords: Market Structure, Mergers and Acquisitions, Anti-Trust Issues, Multinational Firms, Productivity and Efficiency

JEL Classification: D43, G37, L40, F23, D24, 049

Suggested Citation

VS, Beena, Production Efficiency of Firms with Mergers and Acquisitions in India (January 1, 2018). Available at SSRN: https://ssrn.com/abstract=3362284

Beena VS (Contact Author)

Institute for Studies in Industrial Development ( email )

4, Institutional Area, P B No. 7513
Vasant Kunj, near The Grand Hotel
New Delhi, Delhi 110070
India

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