NEW DIRECTIONS AND INNOVATIONS IN HUMANITIES: EMPIRICAL STUDY OF A SOLVENCY ANALYSIS OF SELECTED PHARMACEUTICAL COMPANIES IN INDIA

S. Nisanth, M. Saravana Kumar

Abstract


In today’s globalised economy, the main objective of every firm is to make profits and enhance shareholders wealth. In the global market, number of companies among Indian Pharmaceuticals, have entered into Merger and Acquisition agreements the objective of the study is to evaluate the impact of Merger and Acquisition on the Solvency position of selected pharmaceutical companies. For the present study, 8 pharmaceutical companies listed under Bombay Stock Exchange (BSE) which involved in M&A activities in India after recession period i.e., after 2007. The analysis is based on the various Solvency ratios are compared between pre and post-event periods. Other statistical tools Mean, Standard Deviation, Co-efficient of Variation and Paired ‘t’ test have been used in this research.

Keywords


Economy, Solvency ratios, Innovations, Pharmaceutical, Solvency.

References


http://pharmaceuticals.gov.in/

Pahuja H, and Samridhi. (2016). "Impact of mergers and acquisitions on India’s economy", International journal of science technology and management, Vol.5(1), pp.318-325.

Tiwari BK. (2014). "Effectiveness of Banks after Merger and Acquisition", American Journal of Industrial and Business Management, Vol.4, pp.1-8.

Turka D, and Sasan S. (2015). "Merger and Acquisition", International Journal of Commerce, Business and Management, Vol.4(2), pp.1160-1165.

www.businesstoday.in/sectors/pharma

www.investopedia.com/terms/m/mergersandacquisitions.asp


Refbacks

  • There are currently no refbacks.


Send mail to ijmss@ijmss.com with questions or comments about this web site. 

International Journal of Management and Social Sciences, All rights reserved.