Posts

Showing posts from February, 2018

Merger Performance: The Marriage between SAIL and MEL.

Merger Performance: The Marriage between SAIL and MEL. Source:  Amity Management Review . Jun-Dec2012, Vol. 2 Issue 2, p69-79. 11p. Author(s):  Leepsa, N. M. Email: n.m.leepsa@gmail.com  Abstract: The purpose of the study is to analyze the financial performance of Steel Authority of India Ltd (SAIL) after merger deal with MEL. The financial statements are analyzed for pre and post-merger five years (2000-2010) by using seven financial ratios. The accounting approach uses accounting measures and productivity measures of financial statements to evaluate the M&A success. In spite of creation limitations, accounting ratios are considered as reliable and convenient for making analysis since financial statements are audited. Ratio analysis is employed as is considered as a convenient technique to make a quantitative analysis of companies' performance. The results show that the financial performance of SAIL in terms of profitability, liquidity and solvency has im...

Abstracts of Some Past Research

Abstracts of Some Past Research Leepsa, N. M. & Mishra, C. S., 2014. Return from Indian Acquisitions: Does Deal Size Matter? Co-author: Dr. Chandra Sekhar Mishra, VGSoM, IIT Kharagpur Mergers and acquisitions are the corporate growth strategy that has grown in recent years. The performance of companies in post-acquisition period is influenced by various factors; one of the factors which remain explored is deal value. This paper attempts to investigate the post-acquisition performance of manufacturing companies in India based on their deal size-small and large deal size. Performance is evaluated on profitability parameters (return on capital employed, return on net worth, return on assets) of the company in pre and post-acquisition three years using paired t-test and Wilcoxon signed rank test. It is found that for the variable ROApost12 and ROApost123, the post-acquisition performance is positive for large deals while negative for small deals. There is no difference in...

Return from Indian Acquisitions: Does Deal Size Matter?

Leepsa, N. M. & Mishra, C. S., 2014. Return from Indian Acquisitions: Does Deal Size Matter? Co-author: Dr. Chandra Sekhar Mishra, VGSoM, IIT Kharagpur Mergers and acquisitions are the corporate growth strategy that has grown in recent years. The performance of companies in post-acquisition period is influenced by various factors; one of the factors which remain explored is deal value. This paper attempts to investigate the post-acquisition performance of manufacturing companies in India based on their deal size-small and large deal size. Performance is evaluated on profitability parameters (return on capital employed, return on net worth, return on assets) of the company in pre and post-acquisition three years using paired t-test and Wilcoxon signed rank test. It is found that for the variable ROApost12 and ROApost123, the post-acquisition performance is positive for large deals while negative for small deals. There is no difference in ROApost1 performance in pre and post...

Every day is Valentine’s Day

Image
Every day is Valentine’s Day N. M. Leepsa Oh, My Love, My Darling, My Sweet Boy Since you and I are together in this year This Valentine’s day brings overwhelming Joy My cute honey bear Oh, you're Mr. Perfect (my Mr. Right) You're the Prince Charming (my Prince) You're the Dream Merchant (my Romeo) In my fairy tale And when you love me I can't stop myself to love you more I can't happier than staying in your heart This the best chapter of my life Oh, you're Honey-Bun (my Love Muffin) You're the Hot Chocolate (my Handsome Man) You're the Fluffer Nutter (my Funny Hunny) And in my heart I have listed many names to call you sweetly I love you very much, my Angel, my Knight, my Everything “To love you and to be loved by you” is only thing I want My world, My sunshine, my dear adorable Valentine Every day is Valentine’s Day with your love for me in your heart Every day is Valentine’s Day with your faith that you have on ...