Bookcover of Shareholders’ Wealth effects in Cross-border Mergers & Acquisitions
Booktitle:
Shareholders’ Wealth effects in Cross-border Mergers & Acquisitions
LAP LAMBERT Academic Publishing
(2013-09-19
)
eligible for voucher
ISBN-13:
978-3-659-45922-1
ISBN-10:
3659459224
EAN:
9783659459221
Book language:
English
Blurb/Shorttext:
The recent growth of Cross-Border Mergers and Acquisitions (M&As) in the international arena has been phenomenal. Several factors like worldwide phenomenon of industry consolidation & privatization and the liberalization of economies are responsible for fuelling the growth. Cross-border mergers & acquisitions have been motivated due to multiple reasons, one among them being the necessary to search for new opportunities across different geographic locations and markets in a turbulent and continuously changing environment, the other being to maximise shareholder values. While the magnitude of mergers & acquisitions is undoubtedly high in developed economies, emerging economies like India and China have witnessed an unprecedented growth in merger & acquisition activity in terms of volume and number of deals in recent years. This research investigates the impact on shareholder’s wealth of TATA Motors' cross-border acquisition of Ford's ultra-luxury brand Jaguar & Land Rover. It analyses the immediate impact after acquisition announcement and verifies whether the immediate impact is impulsive by observing the impact after a year or more of acquisition.