Shareholders Wealth Effects of Mergers and Acquisitions: An Empirical Study of Short-Term Performance in Indian Telecom Industry

Verma, Neha; Sharma, Rahul

doi:10.5958/0974-1852.2015.00010.3

Cited by 2 publications

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“…We also included a set of country-level variables regarding the macro-level environment in which target companies are located. Characteristics of the countries in which target firms are located can determine M&A deals (Verma and Sharma, 2014). In emerging economies, institutional, governmental, legal and macroeconomic variables such as regulatory quality, control of corruption, per capita income, and the tax rate can play a more determinant role in the propensity to undertake M&A, as shown in previous studies (De Sousa Barros et al.…”

Section: Methodsmentioning

confidence: 99%

Shortening the distance between firms for M&A: the influence of small-world network structure on mergers and acquisitions

Barros

Cárdenas

Hott³

2022

IJOEM

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PurposeA small-world network is a type of network structure in which nodes are highly clustered and at short distances without being directly linked. This article analyzes whether the network of interlocking directorates among the largest Brazilian corporations follows a small-world network structure and if the small-world properties (high clustering and short distance between nodes) influence the occurrence of M&A at the domestic and international level.Design/methodology/approachThe authors tested hypotheses regarding the relationship between small-world network properties and M&A based on a sample of large publicly-listed corporations in Brazil for the time series of 2000–2015 and using network analysis and regression techniques (probit and OLS).FindingsThe results show that while the Brazilian corporate network fits the small-world features of high clustering and short path lengths, only the distance among connected firms has a significant effect on international M&A: the shorter the distance between firms, the more likely firms undertake M&A abroad. Moreover, being integrated into the main component has a significant positive effect on national and international M&A. These findings suggest that the information and knowledge to undertake M&A can be better acquired by belonging to large business communities and not local cohesive clusters.Originality/valueThis research contributes to theories and ongoing debates about the network effects on organizational decisions and the determinants of M&A in emerging markets. In addition, this is the first study to analyze the impact of small-world networks on international M&A while controlling for country-level variables.

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Section: Methodsmentioning

confidence: 99%

Shortening the distance between firms for M&A: the influence of small-world network structure on mergers and acquisitions

Barros

Cárdenas

Hott³

2022

IJOEM

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“…Pandey et al (2013) studied the financial soundness of the companies, identified key financial characteristics of telecommunication companies, and examined the overall financial efficiency of the selected telecommunication companies. Verma and Sharma (2013) studied a pre-and postanalysis of the Indian Telecommunication Industry that examines the impact of different mergers on the financial performance of companies before and after mergers in the Indian Telecommunication Sector. Thirty-nine mergers were considered for the study from 2001-2002 to 2007-2008. The comparison was made between three types of mergers: horizontal, vertical, and conglomerate.…”

Section: Introductionmentioning

confidence: 99%

Impact of the pandemic (COVID-19) on the financial performance of selected Indian telecommunication sector

Bi,

Hameed,

2023

The Scientific Temper

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Financial performance is an important measure investors use to assess the firm’s financial position and health for a given period. It evaluates the company’s overall performance and progress and determines its potential future growth, structure, and effectiveness. The COVID-19 pandemic has impacted all industries across the globe. The study examines the impact of the Pandemic (COVID-19) on the financial performance of chosen Indian Telecommunication companies. It evaluates the financial performance during the pre-Covid and post-Covid periods. The study covers Indian firms listed in NSE from the Telecommunications Sector. The study examines the financial performance of five parameters of 10 firms from the Telecommunications sector for two years before the Covid-19 Pandemic and after the Covid-19 Pandemic using paired t-tests. The study will help investors, shareholders, regulators, and policymakers by analysing the Indian Telecommunication sector.

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Shareholders Wealth Effects of Mergers and Acquisitions: An Empirical Study of Short-Term Performance in Indian Telecom Industry

Cited by 2 publications

References 0 publications

Shortening the distance between firms for M&A: the influence of small-world network structure on mergers and acquisitions

Shortening the distance between firms for M&A: the influence of small-world network structure on mergers and acquisitions

Impact of the pandemic (COVID-19) on the financial performance of selected Indian telecommunication sector

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