financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2022-26-2-38-47finance-1573Research ArticleКОРПОРАТИВНЫЕ ФИНАНСЫCORPORATE FINANCEИсследование влияния слияния и поглощения на финансовые показатели продовольственных и сельскохозяйственных компанийA Study on Impact of Merger and Acquisition on Financial Performance of Agri-Food Companieshttps://orcid.org/0000-0003-3103-6279ГуптаИ.GuptaI.

Иша Гупта — научный сотрудник колледжа коммерции и финансов Amity.

Нойда

Isha Gupta — Research Scholar at Amity College of Commerce and Finance.

Noida

ishagupta74@gmail.comhttps://orcid.org/0000-0002-4335-3450РаманТ. В.RamanT. V.

Таникелла Венката Раман — MBA, PhD в области менеджмента, доцент кафедры бухгалтерского учета и финансов.

Нойда

Thanikella Venkata Raman — MBA, PhD in Management, Assoc. Prof., Department of Accounting and Finance.

Noida

tvraman@amity.eduУниверситет Амити Уттар Прадеш (AUUP)ИндияAmity University Uttar Pradesh (AUUP)IndiaИнститут менеджмента и технологий Бирла (BIMTECH)ИндияBirla Institute of Management and Technology (BIMTECH)India2022290420222623847Copyright © Гупта И., Раман Т.В., 20222022Гупта И., Раман Т.В.Gupta I., Raman T.V.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/1573

Цель исследования — определение влияния слияний и поглощений (M&A) сельскохозяйственных компаний Индии на различные параметры их финансовой деятельности. Период исследования — с 2011 по 2019 г. Использована методология знакового ранжирования Вилкоксона. Выдвинута гипотеза, что, как отмечается в индийской литературе, происходит значительный рост слияний и поглощений, а также наблюдается существенная разница в операционных и финансовых показателях и доходах акционеров компаний-покупателей в период до и после слияний и поглощений. Результаты исследования показали, что операционный и финансовый коэффициенты и доходность акционеров также демонстрируют значительное улучшение, в то время как коэффициент расходов, связанный с операционным коэффициентом, не демонстрирует улучшения показателей. Авторы делают вывод, что финансовые показатели деятельности индийских сельскохозяйственных компаний после слияний и поглощений в целом улучшились для фирмпокупателей.

The purpose of this study is to explore the expansion of merger and acquisition (M&A) literature in the context of Indian studies and examine the impact of mergers and acquisitions on various financial performance parameters of India’s Agri-Food companies. The period of study is from 2011 to 2019, and Wilcoxon Sign Rank methodology has been used. The study hypothesized that there is significant growth in Indian literature of M&A and there is a significant difference in the operating performance, financial performance and shareholders’ return of acquiring firms during the period of pre-M&A and post-M&A. The study findings state that the literature of M&A in India increases significantly, and the operating ratio, financial ratio, and shareholder return also exhibit a significant improvement whereas the expense ratio related to the operating ratio shows no improvement in performance. The study concludes that the India Agri-Food company’s financial performance has improved overall for the acquiring firms during the post-M&A period.

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The authors declare that there are no conflicts of interest present.