{"id":"https://openalex.org/W4375858413","doi":"https://doi.org/10.1016/j.aglobe.2023.100059","title":"The impact of mergers and acquisitions on performance of firms: A pre- and post-TRIPS analysis of India's pharmaceutical industry","display_name":"The impact of mergers and acquisitions on performance of firms: A pre- and post-TRIPS analysis of India's pharmaceutical industry","publication_year":2023,"publication_date":"2023-05-08","ids":{"openalex":"https://openalex.org/W4375858413","doi":"https://doi.org/10.1016/j.aglobe.2023.100059"},"language":"en","primary_location":{"id":"doi:10.1016/j.aglobe.2023.100059","doi":"https://doi.org/10.1016/j.aglobe.2023.100059","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.aglobe.2023.100059","pdf_url":null,"source":{"id":"https://openalex.org/S4210198794","display_name":"Asia and the Global Economy","issn_l":"2667-1115","issn":["2667-1115"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","norway-1"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia and the Global Economy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1016/j.aglobe.2023.100059","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042075062","display_name":"Indrani Chakraborty","orcid":"https://orcid.org/0000-0003-0055-0697","observed_orcids":["https://orcid.org/0000-0003-0055-0697"]},"institutions":[{"id":"https://openalex.org/I4405262774","display_name":"Institute of Development Studies Kolkata","ror":"https://ror.org/053ttjx10","country_code":"IN","type":"education","lineage":["https://openalex.org/I4405262774"]}],"countries":["IN"],"is_corresponding":true,"raw_author_name":"Indrani Chakraborty","raw_affiliation_strings":["Professor of Economics, Institute of Development Studies Kolkata, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Professor of Economics, Institute of Development Studies Kolkata, India","institution_ids":["https://openalex.org/I4405262774"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109487442","display_name":"Paul Antony Kattuman","orcid":"https://orcid.org/0000-0003-1209-5169","observed_orcids":["https://orcid.org/0000-0003-1209-5169"]},"institutions":[{"id":"https://openalex.org/I241749","display_name":"University of Cambridge","ror":"https://ror.org/013meh722","country_code":"GB","type":"education","lineage":["https://openalex.org/I241749"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Paul Kattuman","raw_affiliation_strings":["Professor of Economics, Cambridge Judge Business School, University of Cambridge, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Professor of Economics, Cambridge Judge Business School, University of Cambridge, UK","institution_ids":["https://openalex.org/I241749"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5042075062"],"corresponding_institution_ids":["https://openalex.org/I4405262774"],"apc_list":{"value":1500,"currency":"USD","value_usd":1500},"apc_paid":{"value":1500,"currency":"USD","value_usd":1500},"fwci":8.7372,"has_fulltext":true,"cited_by_count":15,"citation_normalized_percentile":{"value":0.97401355,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":"3","issue":"2","first_page":"100059","last_page":"100059"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5443999767303467,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5443999767303467,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.249099999666214,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.07760000228881836,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mergers-and-acquisitions","display_name":"mergers and acquisitions","score":1.0},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.9829999804496765},{"id":"https://openalex.org/keywords/trips-agreement","display_name":"TRIPS Agreement","score":0.8230000138282776},{"id":"https://openalex.org/keywords/pharmaceutical-industry","display_name":"pharmaceutical industry","score":0.8410000205039978},{"id":"https://openalex.org/keywords/indian-pharmaceutical-firms","display_name":"Indian pharmaceutical firms","score":0.7580000162124634},{"id":"https://openalex.org/keywords/technology-transfer","display_name":"technology transfer","score":0.9350000023841858},{"id":"https://openalex.org/keywords/intellectual-property","display_name":"intellectual property","score":0.5920000076293945},{"id":"https://openalex.org/keywords/trade-policy","display_name":"trade policy","score":0.3190000057220459}],"concepts":[{"id":"https://openalex.org/C157085824","wikidata":"https://www.wikidata.org/wiki/Q2384809","display_name":"TRIPS architecture","level":2,"score":0.817147970199585},{"id":"https://openalex.org/C548217281","wikidata":"https://www.wikidata.org/wiki/Q731112","display_name":"Mergers and acquisitions","level":2,"score":0.8003038167953491},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7076937556266785},{"id":"https://openalex.org/C165064840","wikidata":"https://www.wikidata.org/wiki/Q1321061","display_name":"Matching (statistics)","level":2,"score":0.5943958163261414},{"id":"https://openalex.org/C17923572","wikidata":"https://www.wikidata.org/wiki/Q7250160","display_name":"Propensity score matching","level":2,"score":0.5583502650260925},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.533443033695221},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4257446527481079},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19922369718551636},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.06871399283409119},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.05527240037918091},{"id":"https://openalex.org/C173608175","wikidata":"https://www.wikidata.org/wiki/Q232661","display_name":"Parallel computing","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1016/j.aglobe.2023.100059","doi":"https://doi.org/10.1016/j.aglobe.2023.100059","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.aglobe.2023.100059","pdf_url":null,"source":{"id":"https://openalex.org/S4210198794","display_name":"Asia and the Global Economy","issn_l":"2667-1115","issn":["2667-1115"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","norway-1"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia and the Global Economy","raw_type":"journal-article"},{"id":"pmh:oai:www.repository.cam.ac.uk:1810/350890","doi":null,"is_oa":true,"landing_page_url":"https://www.repository.cam.ac.uk/handle/1810/350890","pdf_url":"https://www.repository.cam.ac.uk/bitstreams/071e14bf-4721-41cf-878e-9ea4de21e47a/download","source":{"id":"https://openalex.org/S4306401777","display_name":"Apollo (University of Cambridge)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I241749","host_organization_name":"University of Cambridge","host_organization_lineage":["https://openalex.org/I241749"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:doaj.org/article:783bdc727b2d4c9d9c3bcff839e8b858","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/783bdc727b2d4c9d9c3bcff839e8b858","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Asia and the Global Economy, Vol 3, Iss 2, Pp 100059- (2023)","raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/340954","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10419/340954","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"doc-type:article"}],"best_oa_location":{"id":"doi:10.1016/j.aglobe.2023.100059","doi":"https://doi.org/10.1016/j.aglobe.2023.100059","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.aglobe.2023.100059","pdf_url":null,"source":{"id":"https://openalex.org/S4210198794","display_name":"Asia and the Global Economy","issn_l":"2667-1115","issn":["2667-1115"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","norway-1"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia and the Global Economy","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":46,"referenced_works":["https://openalex.org/W235553750","https://openalex.org/W1531341052","https://openalex.org/W1547806397","https://openalex.org/W1551895083","https://openalex.org/W1563235385","https://openalex.org/W1593392944","https://openalex.org/W1661415457","https://openalex.org/W1677772813","https://openalex.org/W1894387480","https://openalex.org/W1965599260","https://openalex.org/W1996265065","https://openalex.org/W1998136707","https://openalex.org/W2003992000","https://openalex.org/W2008190574","https://openalex.org/W2022377851","https://openalex.org/W2025875426","https://openalex.org/W2034321556","https://openalex.org/W2073202559","https://openalex.org/W2087523526","https://openalex.org/W2131850093","https://openalex.org/W2148566774","https://openalex.org/W2150291618","https://openalex.org/W2158885365","https://openalex.org/W2313896093","https://openalex.org/W2321839606","https://openalex.org/W2331256054","https://openalex.org/W2480645105","https://openalex.org/W2531357047","https://openalex.org/W2617795840","https://openalex.org/W2752617332","https://openalex.org/W2797345588","https://openalex.org/W2955921128","https://openalex.org/W2962596754","https://openalex.org/W2964392623","https://openalex.org/W2972272897","https://openalex.org/W2996494425","https://openalex.org/W3096684250","https://openalex.org/W3121131820","https://openalex.org/W3121170782","https://openalex.org/W3122247001","https://openalex.org/W3123480856","https://openalex.org/W3123974754","https://openalex.org/W3125487025","https://openalex.org/W3125776241","https://openalex.org/W4234712938","https://openalex.org/W4244048416"],"related_works":["https://openalex.org/W6931031377","https://openalex.org/W3034004427","https://openalex.org/W4308474118","https://openalex.org/W2041454160","https://openalex.org/W2611728769","https://openalex.org/W2096152376","https://openalex.org/W7216986848","https://openalex.org/W7201867862","https://openalex.org/W7216066852","https://openalex.org/W2148841352"],"abstract_inverted_index":{"This":[0],"study":[1],"analyses":[2],"the":[3,16,27,33,39,42,46,67,75],"impact":[4,34],"of":[5,11,18,29,38,77,86],"mergers":[6],"and":[7,51,88],"acquisitions":[8],"on":[9,35],"performance":[10,37,61,94],"Indian":[12],"pharmaceutical":[13],"firms":[14,44],"following":[15,66],"implementation":[17],"TRIPS":[19],"in":[20,45,63,95],"1995.":[21],"In":[22],"order":[23],"to":[24,91],"identify":[25],"adequately":[26],"effect":[28],"mergers,":[30],"we":[31],"investigate":[32],"firm":[36,60,93],"merged":[40,64,96],"vis-a-vis":[41],"non-merged":[43],"post-TRIPS":[47],"period":[48],"using":[49],"difference-in-differences":[50],"propensity":[52],"score":[53],"matching":[54],"approaches.":[55],"Our":[56,98],"results":[57],"suggest":[58],"that":[59,71],"improved":[62],"firms,":[65],"mergers.":[68],"We":[69],"argue":[70],"our":[72],"finding":[73],"represents":[74],"incidence":[76],"\u201cpositioning\u201d":[78],"merger":[79],"(Gorton":[80],"et":[81],"al.,":[82],"2009).":[83],"Moreover,":[84],"transfer":[85],"technologies":[87],"capabilities":[89],"helped":[90],"improve":[92],"firms.":[97],"findings":[99],"have":[100],"significant":[101],"policy":[102],"implications":[103],"for":[104],"Asian":[105],"countries.":[106]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":6},{"year":2023,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2023-05-10T00:00:00"}