A Study on Mergers & Acquisitions in Oil & Gas Sector in India and Their Impact on the Operating Performance and Shareholders’ Wealth

Shri Chimanbhai Patel Institutes Working Paper Series No. CPI/MBA/2013/0002

31 Pages Posted: 18 Jan 2013

See all articles by Arti Trivedi

Arti Trivedi

Shri Chimanbhai Patel Institute of Management & Research

Dr.Jay Desai

B.K.School of Business Management, Gujarat University

Nisarg A Joshi

Shri Chimanbhai Patel Institute of Management & Research

Date Written: January 17, 2013

Abstract

The objective of this paper is to study, why organizations take the inorganic mode of expansion. However, the main focus is on studying the operating performance and shareholder value of acquiring companies and comparing their performance before and after the merger. To conduct a uniform research and arrive at an accurate conclusion, we restrict our research to only Indian companies. To get a perspective on India, we study oil and gas sector.We will test feasibility that mergers improve operating performance of acquiring companies. However on studying the cases, we conclude that as in previous studies, mergers do not improve financial performance at least in the immediate short term.

Keywords: mergers, corporate restructuring, shareholders wealth, oil and gas, operating profit, inorganic growth

JEL Classification: G34

Suggested Citation

Trivedi, Arti and Desai, Jay and Joshi, Nisarg A, A Study on Mergers & Acquisitions in Oil & Gas Sector in India and Their Impact on the Operating Performance and Shareholders’ Wealth (January 17, 2013). Shri Chimanbhai Patel Institutes Working Paper Series No. CPI/MBA/2013/0002, Available at SSRN: https://ssrn.com/abstract=2202333

Arti Trivedi

Shri Chimanbhai Patel Institute of Management & Research ( email )

Opp. Karnavati Club
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Ahmedabad, 380015
India
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HOME PAGE: http://www.artitrivedi.com

Jay Desai (Contact Author)

B.K.School of Business Management, Gujarat University ( email )

Navrangpura
Ahmedabad, Gujarat 380015
India
+91-79-26301342 (Phone)

HOME PAGE: http://www.jaydesai.net

Nisarg A Joshi

Shri Chimanbhai Patel Institute of Management & Research ( email )

Opp. Karnavati Club,
S.G. Highway
Ahmedabad, 380015
India

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