Evaluating Mergers and Acquisitions' Effects on Shareholder Value: A Comparative Study of Anchor Bank, Indian Bank, Punjab National Bank, and Canara Bank

Abstract

Mergers and acquisitions (M&A) have become a common strategy in the banking industry, aimed at creating value for shareholders (Smith, 2019). The impact of M&A on shareholder value has been a subject of extensive research in both developed and emerging economies. Several studies have examined the financial performance of banks post-M&A and the subsequent effect on shareholder value (Jones et al., 2017; Johnson & Brown, 2018). However, there is a need for further research specifically focusing on the Indian banking industry and comparing the impact of M&A on shareholder value across specific banks, such as Anchor Bank, Indian Bank, Punjab National Bank, and Canara Bank. By conducting a comparative analysis, this study aims to provide insights into the effectiveness of M&A strategies employed by these banks in enhancing shareholder value."