The book examines the market reaction to mergers and acquisitions (M&A)
announcements over a period from 2003 to 2015. Mergers and acquisitions
continue to be amongst the preferred competitive options available to
the companies seeking to grow fast in the rapidly changing global
business scenario. M&A as a growth strategy has received attention from
developed as well as emerging economies. It has been extensively used by
managers as an expansion strategy and also serves as an important
instrument for increasing corporate efficiency. Recently, M&A has grown
at a rapid pace, creating a need for research to analyze what drives
this phenomenon and how it affects firms and markets. As such, this book
evaluates the impact of M&A on short-term abnormal returns as well
long-term financial performance. It also assesses the management view
concerning the motives for undertaking M&A. In addition, the book
investigates the corporate governance practices of the acquiring firms
and their impact on the short- term as well as long- term performance of
those firms.