The impact of merger and acquisition announcements on Indian firms in the IT & ITES sector

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.coverage.spatial India
dc.creator Subramanian, Krishnan
dc.date.accessioned 2013-09-17T17:14:46Z
dc.date.available 2013-09-17T17:14:46Z
dc.date.issued 2013
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25185
dc.description 1 online resource ( vi, 28 p.)
dc.description Includes abstract and appendix.
dc.description Includes bibliographical references (p. 24-26).
dc.description.abstract This study examines the impact of M&A on the stock prices of the acquiring firms in the Indian Information Technology and Information Technology Enabled Services (IT&ITES) sector and tests whether the shareholders of these firms can earn abnormal returns on M&A announcements. In order to determine these, the study uses 37 acquiring firms in the period 2010 to 2012 as the research sample and applies the Event Study Methodology. The Average Abnormal Returns (AAR) are compared across the ex-event, event and post-event windows to assess the impact of M&A announcements and also the post-event effects. The results indicate that the shareholders of the acquiring firms cannot earn significant abnormal returns based on the informational value of the M&A announcements and M&A do not have a positive impact on the stock prices of these firms. en_CA
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dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title The impact of merger and acquisition announcements on Indian firms in the IT & ITES sector en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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