 Indian economic-policy reforms, bank mergers, and lawful proposals: The ex-ante and ex-post ‘lookup’Srinivasa Reddy Kotapati, Vinay Kumar Nangia and Rajat Agrawal Journal of Policy Modeling, 2013, vol. 35, issue 4, 601-622 Abstract: Because of globalization and liberalization of the world-economy policy reforms, emerging economies have been gained popularity in academic research, especially the economics and finance areas. Indeed, India is next to China in Asian emerging markets. As of economic-policy reforms implemented in 1991, a number of sectors are being developed and restructured via mergers and acquisitions (M&As) particularly the banking sector. In this paper, we discuss India's economic-policy and financial reforms, M&As market during 2006–2010, and other policy-related aspects. In this setting, we investigate the Axis Bank–Enam Securities investment banking merger occurred in 2010. To do so, we perform ex-ante analysis by using the event study method, and offer lawful proposals to the ex-post for financial development, economic growth, and banking sector as well. We then draw fruitful conclusions through triangular linkage between the select case, post-deregulation guidelines and the current investment banking trends. Keywords: Mergers and acquisitions; Emerging economies; Indian economy; Economic policy reforms; Investment banking; Bank mergers; Ex-ante and ex-post lookup (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:35:y:2013:i:4:p:601-622 DOI: 10.1016/j.jpolmod.2012.12.001 Access Statistics for this article Journal of Policy Modeling is currently edited by A. M. Costa More articles in Journal of Policy Modeling from Elsevier |
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