Cross-Border Mergers and Acquisitions: A Study of Inter Period Variations in Inbound and Outbound Deals of Corporate India

Mergers and acquisitions provide the quickest route to the companies to operate in new markets and add new capabilities to existing businesses. Markets are integrating and getting the platform to operate at the international level. More and more companies are finding merger and acquisition to be a compelling strategy for growth. The present study is an empirical research which explores the trends and progress of cross-border mergers in India since 2005 to 2013. It covers the trend and progress analysis of domestic, inbound and outbound deals. The study is based upon the numbers and size of cross-border M&A deals. The data is collected from the prominent database PROEWSS of CMIE and various annual reports by Grant Thornton Inc. The application of ANOVA test revealed consistency in terms of deal volume of the study period of 2005–2013, but revealed a significant variation among inbound, outbound and domestic deals. But the results regarding deal values revealed no variation among year-wise and deal-wise distribution in context of deal values.