ABSTRACT

The study examined the consumer perception toward online shopping (A study of Jumia online).. The study was carried out in Eco bank, Plc. The specific objectives were to analyzed the effect of merger and acquisition on return on asset of the selected bank, to determine the effect of merger and acquisition on return on equity of the selected bank and to determine the effect of merger and acquisition on return on investment of the selected bank. Secondary data was used for the study and the data was sourced from the financial statement of Eco bank Plc. The data covered from 2000 to 2015.  The econometric tools used for the analysis was regression analysis. The results indicated that Merger and acquisition has a positive and insignificant impact on return on asset, Merger and acquisition has a positive and insignificant impact on return on equity and Merger and acquisition has a positive and insignificant impact on return on Investment. It was recommended that the apex bank should also implement policies that will stop mangers of commercial banks in country in loaning money to their relative which have undermined the whole exercises of merger and acquisition in the country.

TABLE OF CONTENTS

Title Page i 

Dedication ii

Acknowledgement iii

Declaration iv

Certification v

Table of Content vi

List of Tables vii

Abstract viii

CHAPTER ONE

Introduction

1.1 Background to the Study - - - - - - - - 1

1.2 Statement of the Problem - - - - - - - - 4

1.3 Objective of the Study - - - - - - - - 5

1.4 Research Questions - - - - - - - - - 6

1.5 Research Hypothesis - - - - - - - - - 6

1.6 Significance of the Study - - - - - - - - 7

1.7 Scope of the Study - - - - - - - - - 7

1.8 Limitations of the Study - - - - - - - - 7

1.9 Definition of Terms - - - - - - - - - 8

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1 Conceptual Framework -- - - - - - - - 10

2.1.1 Types of Merger and Acquisition - - - - - - - 13

2.1.2 Modalities of Merger - - - - - - - - 15

2.1.3 Benefits of merger and acquisition - - - - - - 16

2.1.4 Relevance of Merger and Acquisition on Net Profit Margin - - - 21

2.1.5 Stages in Mergers and Acquisitions - - - - - - 22

2.1.6 Mergers and Acquisition Events in the Nigerian Banking Industry - - 24

2.1.7 Value propositions of the mergers and acquisitions - - - - 26

2.1.8 Stages of Approval for Mergers and Acquisitions - - - - 26

2.1.8Facts that aids the Processing Applications of Mergers and Acquisitions - 28

2.2 Theoretical framework - - - - - - - - 30

2.2.1 The Value increasing theory - - - - - - - 30

2.2.2 Theory of Synergy - - - - - - - - - 31

2.2.3 Concentration Theory -- - - - - - - - 32

2.2.4 The Value-Increasing Theories - - - - - - - 34

2.3 Empirical Review - - - - - - - - - 35

CHAPTER THREE

Research Methodology

3.0 Introduction - - - - - - - - - - 40

3.1 Research Design - - - - - - - - - 40

3.2 Area of the Study - - - - - - - - - 40

3.3. Types and Source of Data - - - - - - - - 42

3.4 Data Analysis Technique - - - - - - - - 42

3.5 Model Specification - - - - - - - - - 42

CHAPTER FOUR

Data Presentation, Analysis and Interpretation of Result

4.1 Data Presentation and Analysis - - - - - - - 44

4.2 Trend Analysis - - - - - - - - - - 45

4.2 Test of Hypothesis one - - - - - - - - 47

4.3 Test of Hypothesis two - - - - - - - - 48

4.3 Test of Hypothesis three - - - - - - - - 50

CHAPTER FIVE

Summary of Findings, Conclusion and Recommendations

5.1 Summary of Findings - - - - - - - - 53

5.2.1 Conclusion - - - - - - - - - - 53

5.3 Recommendations - - - - - - - - - 53