Corporate Restructuring & Acquiring Firms’ Performance : An Empirical study of few Selected Firms of Oil & Gas Sector in India
The corporate sector in India is undergoing structural changes as a result of liberalization, privatization and openness policies of the Government since early 1990s. Competitive pressures are high not only due to deregulation but also due to globalization. Restructuring in the context of corporat...
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| Format: | Article |
| Language: | English |
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Srusti Academy of Management
2016-06-01
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| Series: | Srusti Management Review |
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| Online Access: | http://www.srustimanagementreview.ac.in/paperfile/1107024664_Corporate%20Restructuring%20&%20Acquiring%20Firms-CA.%20Leesa%20Mohanty-Vol.%20-%20IX%20%20Issue%20I%20%20Jan%20-%20Jun%202016.pdf |
| _version_ | 1818932022024863744 |
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| author | CA. Leesa Mohanty, |
| author_facet | CA. Leesa Mohanty, |
| author_sort | CA. Leesa Mohanty, |
| collection | DOAJ |
| description | The corporate sector in India is undergoing structural changes as a result of liberalization, privatization and openness
policies of the Government since early 1990s. Competitive pressures are high not only due to deregulation but also
due to globalization. Restructuring in the context of corporate management could be seen as the act of reorganizing
the legal, ownership, operational or other structures of a company. It is usually done for the purpose of making such
companies more profitable or better organized to meet their present realities and challenges. Restructuring may
include a change of ownership or ownership structure, demerger or a response to a crisis or major change in the
business such as bankruptcy, repositioning or buyout. Along with the rise in the number of Merger and Acquisition
(M&A) deals, the amount involved in such deals has risen over time. There is also an increase in the number of open
offers, albeit at a slower pace. With rising global energy demand, the oil and gas industry has a wide range of
challenges and opportunities across the upstream, midstream, downstream and oilfield services sectors. This
paper discusses the corporate restructuring strategy and financial performance of the four selected firms in the oil
and gas industry. The study has been based on secondary data collected about acquiring firms five years during pre
merger and five years during post merger period excluding the year of merger/acquisition. |
| first_indexed | 2024-12-20T04:25:52Z |
| format | Article |
| id | doaj.art-81f0593535414239b478f9932f5b87aa |
| institution | Directory Open Access Journal |
| issn | 0974-4274 2582-1148 |
| language | English |
| last_indexed | 2024-12-20T04:25:52Z |
| publishDate | 2016-06-01 |
| publisher | Srusti Academy of Management |
| record_format | Article |
| series | Srusti Management Review |
| spelling | doaj.art-81f0593535414239b478f9932f5b87aa2022-12-21T19:53:31ZengSrusti Academy of ManagementSrusti Management Review0974-42742582-11482016-06-01IXI110Corporate Restructuring & Acquiring Firms’ Performance : An Empirical study of few Selected Firms of Oil & Gas Sector in IndiaCA. Leesa Mohanty,0Consultant, FS-Risk, Ernst and Young LLP, MumbaiThe corporate sector in India is undergoing structural changes as a result of liberalization, privatization and openness policies of the Government since early 1990s. Competitive pressures are high not only due to deregulation but also due to globalization. Restructuring in the context of corporate management could be seen as the act of reorganizing the legal, ownership, operational or other structures of a company. It is usually done for the purpose of making such companies more profitable or better organized to meet their present realities and challenges. Restructuring may include a change of ownership or ownership structure, demerger or a response to a crisis or major change in the business such as bankruptcy, repositioning or buyout. Along with the rise in the number of Merger and Acquisition (M&A) deals, the amount involved in such deals has risen over time. There is also an increase in the number of open offers, albeit at a slower pace. With rising global energy demand, the oil and gas industry has a wide range of challenges and opportunities across the upstream, midstream, downstream and oilfield services sectors. This paper discusses the corporate restructuring strategy and financial performance of the four selected firms in the oil and gas industry. The study has been based on secondary data collected about acquiring firms five years during pre merger and five years during post merger period excluding the year of merger/acquisition.http://www.srustimanagementreview.ac.in/paperfile/1107024664_Corporate%20Restructuring%20&%20Acquiring%20Firms-CA.%20Leesa%20Mohanty-Vol.%20-%20IX%20%20Issue%20I%20%20Jan%20-%20Jun%202016.pdfcorporate restructuringmergers and acquisitions |
| spellingShingle | CA. Leesa Mohanty, Corporate Restructuring & Acquiring Firms’ Performance : An Empirical study of few Selected Firms of Oil & Gas Sector in India Srusti Management Review corporate restructuring mergers and acquisitions |
| title | Corporate Restructuring & Acquiring Firms’ Performance : An Empirical study of few Selected Firms of Oil & Gas Sector in India |
| title_full | Corporate Restructuring & Acquiring Firms’ Performance : An Empirical study of few Selected Firms of Oil & Gas Sector in India |
| title_fullStr | Corporate Restructuring & Acquiring Firms’ Performance : An Empirical study of few Selected Firms of Oil & Gas Sector in India |
| title_full_unstemmed | Corporate Restructuring & Acquiring Firms’ Performance : An Empirical study of few Selected Firms of Oil & Gas Sector in India |
| title_short | Corporate Restructuring & Acquiring Firms’ Performance : An Empirical study of few Selected Firms of Oil & Gas Sector in India |
| title_sort | corporate restructuring acquiring firms performance an empirical study of few selected firms of oil gas sector in india |
| topic | corporate restructuring mergers and acquisitions |
| url | http://www.srustimanagementreview.ac.in/paperfile/1107024664_Corporate%20Restructuring%20&%20Acquiring%20Firms-CA.%20Leesa%20Mohanty-Vol.%20-%20IX%20%20Issue%20I%20%20Jan%20-%20Jun%202016.pdf |
| work_keys_str_mv | AT caleesamohanty corporaterestructuringacquiringfirmsperformanceanempiricalstudyoffewselectedfirmsofoilgassectorinindia |