Impact of Acquisition on Performance of Indian Companies-A Comparative Study of Domestic and Cross Border Acquisitions

Mergers and acquisitions (M&As) are key corporate strategy actions that are vital for the companies in order to survive in this competitive global world. Over the years, the popularity of those actions has increased, especially in the international domain. In India, both the number and value of cross-border M&As has increased significantly over the years. Despite this increase, there haven't been enough studies or clear evidence about whether venturing abroad to acquire foreign targets leads the companies to better performance compared to staying domestically. The purpose of this paper is to investigate the M&A phenomenon deeply and compare between cross-border and domestic M&As made by Indian firms. The broad objective of this paper is to measure the impact of M&As on the financial indicators of acquiring Indian firms.