M&a Merger and Acquitions

Determinants of Mergers and Acquisitions in Indian pharmaceutic Industry Abstract M&A turned touchstone forward to be hearty form of corporeal restructuring in brook globalization tip in Indian industries. The phenomenon is considered to be the or so principal(prenominal) strategy for gaining competitive reinforcement for libertines. This study attempts to disc overy egress the determinants of M&A in Indian pharmaceutical industry. We use of goods and services the PROWESS database provided by the sum for Monitoring Indian parsimony for the period of 2001-2010. The results of the Logit analysis suggests that prodigious and multinational affiliated firms argon investing more in M&A activities. Similarly, firms report excess capacity and eminent R&D investments argon relying heavily on M&A to reconstitute and consolidate their position in the industry. Keywords: Mergers and Acquisitions; Pharmaceutical Industry; Logit Analysis JEL enrol classification: L65, G34, C23, C25 *Doctoral Student in Economics, incision of H&SS, IIT Bombay, India, email: vidhisha.d.vyas@gmail.

com ** professor of Economics, Department of H&SS, IIT Bombay, India, e-mail: knn@iitb.ac.in ***Professor of Economics, Department of H&SS, IIT Bombay, India, e-mail: ramanath@iitb.ac.in 1. Introduction The onward motion of the competition, the financial ease allowing enceinte flows and the rapid technological changes ar the basis of the globalization make extensively favoring the influence, presence and intimacy of foreign own firms in national economies. This also triggers a lot of corporate restructuring activities of interior(prenominal) firms. The process has caused a significant reshuffling and redisposition of firms assets and thereby reshaping of many a(prenominal) industrial sectors. The fork over form of industrial ownership is witnessing strong mergers and acquisitions (M&A) activities around...If you want to give a full essay, fix up it on our website: Orderessay

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