Push factors of cross border m&a performance by Indian firms

Purpose - Overseas M&A transactions have gained popularity during the last decade. The extant research on the same has some gaps, which need to be addressed and attempts to identify characteristics of acquiring firms have been carried out in this paper.

Design/methodology/approach - Multivariable linear regression was used to analyze the impact of firm's age, free cashflows, public ownership and pre acquisition net income on post a cross- border merger & acquisition performance.

Findings - The research points the importance of public ownership or listing status along with having a positive influence on making the outbound M&A decision a fruitful one for the acquirer Indian firm.

Originality/value - This research endeavors to fill research gaps concerning the increasing number of transaction value and volume of cross border M&A transactions by Indian firms during the past decade, contributing to international business extant literature along with generating some valuable policy implications.