Mergers and Acquisitions and Trade Integration: A Spatial And Temporal Study of India
Dr. Bala V Balachandran and Ms. Lavanya C
The objective of this study is to analyze the nature and implications of changes in the number of Mergers and Acquisitions bids pertaining to Indo-USA and Indo-Europe cross-border deals, on a pre-and post-sub-prime crisis basis. These numbers are correlated with ϒij (gamma-ness of trade). There was a decline in ϒij in 2009, for the said geographies, reflecting the impact of sub-prime crisis. The bids increased in the post-crisis period only for Indo-US Mergers & Acquisitions, where India was the target. The F value is solid when the acquirer is India and the target is either USA or Europe.
Dr. Bala V Balachandran
J L Kellogg Distinguished Professor (Emeritus in service) of Accounting & Information Management, Northwestern University, USA
Founder,Dean & Chairman, Great Lakes Institute of Management
Ms. Lavanya C
Great Lakes Institute of Management