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Showing posts from November 30, 2012

Problems in Research in M&A in India

This article I have written out of my own experience

* The CMIE prowess database is considered most reliable database. But this database need some modifications. This do not keep data on the country of acquirer and target firm.
* M&A as such is few in India compared to other countries. So performance evaluation studies specifically financial pre and post m&A is difficult since nonavailability of continuous data.
*In Prowess , it is not mentioned about the method of payment of deal in detail. So whether a particular deal is  cash deal or stock deal, is difficult to know, specifically when there is combination of both the methods. we have search in individual deal in google search engine.
*There is no mention if with merger, the acquirer company name exist, or target company name exist or a new name is present. It would help to know which type of merger deals are done.
*There should be another section of demerger list in prowess. However, ACE database have such data. But again …