The present article examines the short-run abnormal returns to India based mergers and acquisitions during 2003–2008 by using event study methodology. The present work is based on a sample of 623 mergers and acquisitions. We find that acquisitions by Indian companies significantly create...

The management of current assets (CA) such as cash, marketable securities, inventory and debtors, etc. is a vital aspect of corporate finance. These assets must be managed efficiently in order to maintain the liquidity of the firm while also ensuring that they are not kept at high levels either....