The paper establishes the salience of the target's 52-week high price as a reference price, while determining the offer premium in Indian merger & acquisition (tender offer) deals, after controlling for the regulatory requirements in India. The SEBI Regulation, Substantial Acquisition of Shares...

Quality of institutions has been found to positively affect Foreign Direct Investment (FDI) flows. This, however, fails to explain the flow of FDI into countries with poor quality of institutions like India and China. This paper shows that FDI flows in the form of cross border mergers and...