Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/26522
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dc.contributor.authorGopalakrishnan, Balagopal-
dc.contributor.authorJacob, Joshy-
dc.contributor.authorSrivastava, Jagriti-
dc.date.accessioned2023-06-02T06:59:20Z-
dc.date.available2023-06-02T06:59:20Z-
dc.date.issued2022-10-26-
dc.identifier.citationGopalakrishnan, Balagopal, Jacob, Joshy & Srivastava, Jagriti (2022). Fishing in muddy waters: mergers and acquisitions during uncertainty. IIM Ahmedabad.en_US
dc.identifier.urihttp://hdl.handle.net/11718/26522-
dc.description.abstractUsing the COVID-19 pandemic as an exogenous shock, we examine whether firms engage in opportunistic mergers and acquisitions during uncertainty. Par- ticularly, we analyze the inorganic growth strategies of acquiring firms faced with disproportionate pandemic-induced opportunities using a cross-country deal-level data. We find a significant increase in the deal completion propensity and deal size, and a decrease in the deal completion time for acquirers that are more amenable to remote working. The effect is more pronounced when both the acquirer and the target are amenable to remote working. Our findings indicate that amenable firms, which were initially reluctant to engage in opportunistic acquisitions, engaged aggressively in the subsequent quarters with an abatement in pandemic-induced un- certainty. The study provides novel insights into the behaviour of acquisitive firms during the pandemic.en_US
dc.language.isoen_USen_US
dc.publisherIndian Institute of Management Ahmedabaden_US
dc.subjectMergersen_US
dc.subjectAcquisitionsen_US
dc.subjectCOVID-19en_US
dc.subjectRemote workingen_US
dc.subjectWork from homeen_US
dc.titleFishing in muddy waters: mergers and acquisitions during uncertaintyen_US
dc.typeWorking Paperen_US
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