000 01168nam a22001457a 4500
999 _c525628
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100 _aKalsie, Anjala and Singh, Neha
_951472
245 _aDeal size and synergy gains: A case of Indian M&A
260 _aVikalpa: The Journal for Decision Makers
300 _a48(4), Oct-Dec, 2023: p.255-268
520 _aThe article aims to estimate the relationship between synergy gains and deal size of mergers & acquisitions for Indian firms by examining deals that took place between 2005 and 2015. The paper employs principal component analysis to create a composite variable representing operating and financial synergy, followed by instrument variable 2SLS regression to estimate the relationship. The results suggest that small dealsize transactions do considerably better than large deals. The magnitude of financial synergy increases with deal size . However, large companies suffer substantial operating synergistic erosion. – Reproduced https://journals.sagepub.com/doi/full/10.1177/02560909231216186
773 _aVikalpa: The Journal for Decision Makers
906 _aCORPORATE GOVERNANCE
942 _cAR