Volume : 1, Issue : 4, September - 2012

Review of Literature of Merger and Acquisition

Mital R. Menapara, Dr. Vijay Pithadia

Abstract :

An extensive review of literature has been carried out in order to enhance the present level of understanding in the area of mergers and acquisitions, gain insight into the success of failure of mergers and formulate the problem for further research in this area. Broadly, literature review has been done on empirical studies in books, journals, published papers etc. In the literature survey out of India, the issues covered include theories of the firm conceptualized into the motives for merged, their empirical investigation, performance measure of merged firms using share price data and accounting data, empirical examination of financial characteristics of merged and merging firms and the determinants of aggregate merger activity. These studies have been reviewed and summarized in following manner, though very limited has been reviewed on studies conducted in India.