Unveiling the Drivers of Mergers and Acquisitions : The Mediating Role of Access to Resources

Authors

  •   Divya Jain Research Scholar (Corresponding Author), Delhi School of Management, Delhi Technological University, Shahbad Daulatpur, Main Bawana Road, Delhi - 110 042
  •   Girish Chandra Maheshwari Professor, Delhi School of Management, Delhi Technological University, Shahbad Daulatpur, Main Bawana Road, Delhi - 110 042
  •   Archana Singh Associate Dean and Professor, Delhi School of Management, Delhi Technological University, Shahbad Daulatpur, Main Bawana Road, Delhi - 110 042

DOI:

https://doi.org/10.17010/ijf/2025/v19i5/175043

Keywords:

mergers and acquisitions

, motives, post-acquisition performance, inclusive growth and development, structural equation modeling.

JEL Classification Codes

, G3, G4, M1, M2

Paper Submission Date

, August 16, 2024, Paper sent back for Revision, March 8, 2025, Paper Acceptance Date, April 18, Paper Published Online, May 15, 2025

Abstract

Objective : This study explored the relationship between the objectives of mergers and acquisitions (M&A), post-acquisition performance, and the mediating effect of access to resources. It aimed to reveal how M&A transactions impacted organizational performance, providing strategic and managerial insights within the Indian context.

Design/Methodology/Approach : This research relied on primary data collected through a well-designed questionnaire. Participants were selected using non-probability random sampling. Data interpretation and analysis were conducted using partial least squares structural equation modeling (PLS-SEM) software.

Findings : While access to resources did not directly impact post-acquisition performance, mediator analysis revealed its statistical significance in the context of diversification, increased market power, and expansion.

Practical Implications : The findings proposed valuable insights for the policymakers, investors, and shareholders involved in the acquisition processes. They aided them in making informed decisions at various stages of acquisition, which can help foster employee commitment and trust, thereby enhancing acquisition performance.

Originality/Value : The research contributes to having deep insights into the relationships between different motivational factors for M&As and post-acquisition performance. Moreover, it introduces the novel concept of access to resources as a mediator between motivational factors and post-acquisition performance, offering unique insights into the context of India’s transitional economic growth and development.

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Published

2025-05-15

How to Cite

Jain, D., Maheshwari, G. C., & Singh, A. (2025). Unveiling the Drivers of Mergers and Acquisitions : The Mediating Role of Access to Resources. Indian Journal of Finance, 19(5), 37–57. https://doi.org/10.17010/ijf/2025/v19i5/175043

Issue

Volume 19, Issue 5, May 2025

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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