MERGERS AND ACQUISITIONS IN INDIA WITH SPECIAL REFERENCE TO THE MANUFACTURING SECTOR: IMPACT OF THE LIQUIDITY POSITION IN THE POST-MERGER PERIOD
Keywords:
Mergers, Acquisitions, Post-merger Liquidity Position, Firm PerformanceAbstract
In this study, I have made an analysis on the impact of Mergers and Acquisitions (M&A) on the Liquidity (L) position in the post-merger period. For this purpose, eleven firms were selected based on the adequacy of data for a period of ten years on a year-to-year basis from 2006–2007 to 2016–2017. The firms, which had gone into the M&A process during the financial year 2011–2012, also are considered for the study. Paired samples t-test is applied to study the mean difference in L of the acquiring firms in the pre-and post-merger periods. On analysis it has been found that most of the acquiring firms did not make any significant change in the L position in the post-merger period.
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