Overview

"In view of the restructuring of the Indian corporate sector, this book carries out an in-depth analysis of the mergers and acquisitions that took place in India's pharmaceutical industry since the early 1990s. Using innovative methodology, this record answers two important questions: ""Why is a firm acquired?"" and ""Why does a firm acquire?"" As it examines how acquired firms differ from the acquiring--and how participant firms are different from the nonparticipants--it argues that corporate amalgamation has important efficiency and policy implications. This record also includes an appraisal of industrial and stock market reforms, where the concern over the need for a ""takeover market in India"" is developed."

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9788171889112

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This is an important work in the area. It combines the background of economic analysis with financial analysis. The book is a significant contribution from a different but relevant perspective into corporate restructuring in India. It yields different insights from the extant studies that emphasize only stock market performance. --K. V. Bhanu Murthy, professor, University of Delhi, India It is a path-breaking and a brilliant piece of analysis for a developing country. The book sets a new standard for rigorous scholarship and policy-oriented economic analysis. The author is to be congratulated both on the rigor of her research as well as its fruitful application of research results to policy in the real world. Dr. Kaur deserves full praise for a pioneering contribution. --Ajit Singh, PhD, professor, University of Cambridge This is a work of extraordinary scholarship and originality of corporate amalgamation in an emerging economy. Its methodology breaks new ground and offers rich policy insights into the evolution of the market for corporate control. A vast community of students, researchers, teachers and business executives would benefit enormously from a careful reading of this fascinating book. --Raghav Gaiha, former professor, University of Cambridge

This is a work of extraordinary scholarship and originality of corporate amalgamation in an emerging economy. Its methodology breaks new ground and offers rich policy insights into the evolution of the market for corporate control. A vast community of students, researchers, teachers and business executives would benefit enormously from a careful reading of this fascinating book. --Raghav Gaiha, former professor, University of Cambridge

Author Information

"Paramjeet Kaur is an associate professor of economics at the University of Delhi in India. Her work has been published in several reputed journals, including ""Economic and Political Weekly"" and the ""Indian Economic Journal."""

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