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