Determinants of Mergers and Acquisitions in Indian Pharmaceutical Industry
M&A turned out to be significant form of corporate restructuring in post globalization period in Indian industries. The phenomenon is considered to be the most important strategy for gaining competitive advantage for firms. This study attempts to find out the determinants of M&A in Indian ph...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Ala-Too International University
2012-05-01
|
| Series: | Eurasian Journal of Business and Economics |
| Subjects: | |
| Online Access: | https://www.ejbe.org/EJBE2012Vol05No09p079VYAS-NARAYANAN-RAMANATHAN.pdf |
| _version_ | 1819059597717012480 |
|---|---|
| author | Vidhisha VYAS Krishnan NARAYANAN A. RAMANATHAN |
| author_facet | Vidhisha VYAS Krishnan NARAYANAN A. RAMANATHAN |
| author_sort | Vidhisha VYAS |
| collection | DOAJ |
| description | M&A turned out to be significant form of corporate restructuring in post globalization period in Indian industries. The phenomenon is considered to be the most important strategy for gaining competitive advantage for firms. This study attempts to find out the determinants of M&A in Indian pharmaceutical industry. We use the PROWESS database provided by the Center for Monitoring Indian Economy for the period of 2001-2010. The results of the Logit analysis suggests that large and multinational affiliated firms are investing more in M&A activities. Similarly, firms reporting excess capacity and high R&D investments are relying heavily on M&A to restructure and consolidate their position in the industry. |
| first_indexed | 2024-12-21T14:13:38Z |
| format | Article |
| id | doaj.art-833f434a4255444e8a3a8d1513848a72 |
| institution | Directory Open Access Journal |
| issn | 1694-5948 1694-5972 |
| language | English |
| last_indexed | 2024-12-21T14:13:38Z |
| publishDate | 2012-05-01 |
| publisher | Ala-Too International University |
| record_format | Article |
| series | Eurasian Journal of Business and Economics |
| spelling | doaj.art-833f434a4255444e8a3a8d1513848a722022-12-21T19:00:58ZengAla-Too International UniversityEurasian Journal of Business and Economics1694-59481694-59722012-05-0159124Determinants of Mergers and Acquisitions in Indian Pharmaceutical IndustryVidhisha VYAS0Krishnan NARAYANAN1A. RAMANATHAN2IIT BombayIIT BombayIIT BombayM&A turned out to be significant form of corporate restructuring in post globalization period in Indian industries. The phenomenon is considered to be the most important strategy for gaining competitive advantage for firms. This study attempts to find out the determinants of M&A in Indian pharmaceutical industry. We use the PROWESS database provided by the Center for Monitoring Indian Economy for the period of 2001-2010. The results of the Logit analysis suggests that large and multinational affiliated firms are investing more in M&A activities. Similarly, firms reporting excess capacity and high R&D investments are relying heavily on M&A to restructure and consolidate their position in the industry. https://www.ejbe.org/EJBE2012Vol05No09p079VYAS-NARAYANAN-RAMANATHAN.pdfmergers and acquisitionspharmaceutical industrylogit analysis |
| spellingShingle | Vidhisha VYAS Krishnan NARAYANAN A. RAMANATHAN Determinants of Mergers and Acquisitions in Indian Pharmaceutical Industry Eurasian Journal of Business and Economics mergers and acquisitions pharmaceutical industry logit analysis |
| title | Determinants of Mergers and Acquisitions in Indian Pharmaceutical Industry |
| title_full | Determinants of Mergers and Acquisitions in Indian Pharmaceutical Industry |
| title_fullStr | Determinants of Mergers and Acquisitions in Indian Pharmaceutical Industry |
| title_full_unstemmed | Determinants of Mergers and Acquisitions in Indian Pharmaceutical Industry |
| title_short | Determinants of Mergers and Acquisitions in Indian Pharmaceutical Industry |
| title_sort | determinants of mergers and acquisitions in indian pharmaceutical industry |
| topic | mergers and acquisitions pharmaceutical industry logit analysis |
| url | https://www.ejbe.org/EJBE2012Vol05No09p079VYAS-NARAYANAN-RAMANATHAN.pdf |
| work_keys_str_mv | AT vidhishavyas determinantsofmergersandacquisitionsinindianpharmaceuticalindustry AT krishnannarayanan determinantsofmergersandacquisitionsinindianpharmaceuticalindustry AT aramanathan determinantsofmergersandacquisitionsinindianpharmaceuticalindustry |