Impact of Organizational Learning and Absorptive Capacity on the Abnormal Returns of Acquirers: Evidence from Cross-Border Acquisitions by Indian Companies

The intent of the research paper has been to evaluate the short-term performance in terms of abnormal returns to the announcement of cross-border acquisitions (CBAs). This research work is based on 139 acquisitions undertaken by Indian companies during 2012–2016. The event study methodology has been applied to assess the effect of acquisition announcement on the short-run performance of the bidding firm. Later on, adopting the conceptual...