Mergers and Acquisitions in India¡¯s Pharmaceutical Sector

Shaista Sami ()
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Shaista Sami: Department of Commerce, Aligarh Muslim University, India

Transnational Corporations Review, 2014, vol. 6, issue 1, 86-100

Abstract: A merger and acquisition (M&A) refers an arrangement whereby the assets, liabilities and business of two companies become vested in or under the control of one company. M&A is a tool for expanding business or get around different laws or regulations such as tax laws or monopoly regulations. This paper aims to examine the impact of M&A on the financial performance of the companies involved in pharmaceutical industry. For this purpose, a case study of GlaxoSmithKline has been selected. The pre and post-merger performances, in terms of variables like sales, net earnings, debt equity ratio and return on equity ratio of the company, have been analyzed by applying independent sample t test as a main statistical tool.

Keywords: M&A; Pharmaceutical industry; GlaxoSmithKline; horizontal and vertical merger. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:oul:tncr09:v:6:y:2014:i:1:p:86-100

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