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Please use this identifier to cite or link to this item: http://repository.iitr.ac.in/handle/123456789/9546
Title: Indian economic-policy reforms, bank mergers, and lawful proposals: The ex-ante and ex-post 'lookup'
Authors: Reddy K.S.
Nangia V.K.
Agrawal, Rajat
Published in: Journal of Policy Modeling
Abstract: Because of globalization and liberalization of the world-economy policy reforms, emerging economies have been gained popularity in academic research, especially the economics and finance areas. Indeed, India is next to China in Asian emerging markets. As of economic-policy reforms implemented in 1991, a number of sectors are being developed and restructured via mergers and acquisitions (M&As) particularly the banking sector. In this paper, we discuss India's economic-policy and financial reforms, M&As market during 2006-2010, and other policy-related aspects. In this setting, we investigate the Axis Bank-Enam Securities investment banking merger occurred in 2010. To do so, we perform ex-ante analysis by using the event study method, and offer lawful proposals to the ex-post for financial development, economic growth, and banking sector as well. We then draw fruitful conclusions through triangular linkage between the select case, post-deregulation guidelines and the current investment banking trends. © 2012 Society for Policy Modeling.
Citation: Journal of Policy Modeling (2013), 35(4): 601-622
URI: https://doi.org/10.1016/j.jpolmod.2012.12.001
http://repository.iitr.ac.in/handle/123456789/9546
Issue Date: 2013
Keywords: Bank mergers
Economic policy reforms
Emerging economies
Ex-ante and ex-post lookup
Indian economy
Investment banking
Mergers and acquisitions
ISSN: 1618938
Author Scopus IDs: 55601633800
57197373384
57209499374
Author Affiliations: Reddy, K.S., Department of Management Studies, Indian Institute of Technology Roorkee, Roorkee 247667, Uttarakhand, India
Nangia, V.K., Department of Management Studies, Indian Institute of Technology Roorkee, Roorkee 247667, Uttarakhand, India
Agrawal, R., Department of Management Studies, Indian Institute of Technology Roorkee, Roorkee 247667, Uttarakhand, India
Corresponding Author: Reddy, K.S.; Department of Management Studies, Indian Institute of Technology Roorkee, Roorkee 247667, Uttarakhand, India; email: srinuddm@iitr.ernet.in
Appears in Collections:Journal Publications [MS]

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