Mergers, Acquisitions and Firms’ Performance: Experience of Indian Pharmaceutical Industry
Journal Title: Eurasian Journal of Business and Economics - Year 2010, Vol 3, Issue 5
Abstract
In the context of policy reforms in the 1990s in general and three important amendments made to the Indian Patent Act (1970) in 1999, 2002 and 2005 in particular, the present paper makes an attempt to examine the impact of MA on financial performance of Indian pharmaceutical companies. It is found that the profitability of a firm depends directly on its size, selling efforts and exports and imports intensities but inversely on their market share and demand for the products. However, MA do not have any significant impact on profitability of the firms in the long run possibly due to the resultant X-inefficiency and entry of new firms into the market. In addition, in-house R&D and foreign technology purchase also do not have any significant impact on profitability of the firms.
Authors and Affiliations
Pulak MISHRA, Tamal CHANDRA
Keywords
Related Articles
- EP ID EP155370
- DOI -
- Views 62
- Downloads 0
Macroeconomic Adjustment in Armenia: The Role of External Factors
This paper develops a small macroeconomic model of the Armenian economy. After setting up the model and its estimation, a number of macroeconomic scenarios is analyzed in the form of out-of-sample simulations. We analyze...
Ethnocentrism, Religiosity, Environmental and Health Consciousness: Motivators for Anti-Consumers
This paper covers highlighting the importance of anti-consumer groups in today’s markets and several outstanding factors shaping their reaction against consumption, which are ethnocentrism, religiosity, environmental and...
Testing Household Economies of Scale in Uzbekistan
This paper investigates empirically the relationship between household economies of scale and consumption in Uzbekistan. Particular attention is paid to the so-called “zero consumption problem” and Tobit estimator is uti...
Determinants of Energy Intensity in Indian Manufacturing Industries: A Firm Level Analysis
The demand for energy; particularly for commercial purposes, has been growing rapidly with growth of the economy, changes in the demographic structure, rising urbanization, socio-economic development, and the desire for...
Reconsidering the Relationship between Oil Prices and Industrial Production: Testing for Cointegration in some of the OECD Countries
This paper investigates the effects of crude oil prices on the industrial production for some of the OECD countries. According to it, the empirical results sign that there is statistical meaningful short term causality f...