ABSTRACT
Banks in Nigeria operate in a dynamic environment affected by myriad of factors. These factors affect the industry in variety of ways creating both opportunities for the strong ones and distress for the feeble banks. However the need to ascertain the effect of merger and acquisition on the growth of Nigerian banks gave rise to this research. In analyzing the above research, the research adopted the following objectives; to examine the effect of merger and acquisition on the profitability of Banks in Nigeria, to evaluate the effect of merger and acquisition on return on asset of Banks in Nigeria and finally to determine the effect of merger and acquisition on return on equity of Banks in Nigeria. The research adopted the use of SPSS to analyze the objectives. Findings reveals that there is a significant different in profit after tax of the bank before and after acquisition, there is a significant change in return on asset of the bank before and after merger and acquisition and finally there is a significant effect of Merger and acquisition on return on asset of Banks in Nigeria. Sequel to the findings and conclusion, the researcher makes the following recommendations; Merger/acquisition is a strategic tool that must be cautiously applied and implemented. The maturation period of the merger must be allowed so that the financial records of the intending firms coming together can be properly scrutinized by the board of directors of each firm and the regulatory agencies.
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
1
1.2 Statement of the Problem
2
1.3 Objectives of the Study
3
1.4 Research Questions
3
1.5 Research
Hypotheses
4
1.6.
Significance of the Study
4
1.7 Scope of the Study
5
1.8 Definition of Terms
5
CHAPTER TWO
REVIEW
OF RELATED LITERATURE
2.1 Conceptual Framework
6
2.1.1 The Concept of Merger and Acquisition
6
2.1.2 The Rationale for Merger and Acquisition.
7
2.1.3 Classification of Merger and acquisition
9
2.1.4 Benefits of Merger and acquisition
9
2.1.5 Effects of Merger and acquisition 10
2.2
Theoretical Framework
11
2.2.1 Bank concentration Theory 11
2.2.2 Pro-concentration theory
12
2.2.3 Pro-deconcentration theory 12
2.2.4 “Eat or be Eaten” theory of Merger and
acquisition and acquisitions 13
2.2.5 Agency Theory 15
2.3 Empirical
Review 16
CHAPTER THREE
METHODOLOGY 22
3.1 Research
Design 22
3.2 Area of
Study 22
3.3 Source
of Data 22
3.4 Population of the Study 22
3.5 Sample Size 22
3.6 Data
analysis Technique 22#
CHAPTER
FOUR
DATA
PRESENTATION AND ANALYSIS 24
4.1 DATA PRESENTATION 24
4.2 Test of Hypothesis 24
4.3 Discussion on Findings 28
CHAPTER
FIVE
SUMMARY
OF FINDINGS, CONCLUSION AND RECOMMENDATIONS 30
5.1 Summary of Findings 30
5.2 Conclusion 30
5.3 Recommendations 30
EZIMAKO, E (2021). Effect Of Merger And Acquisition On Growth Of Nigerian Banks. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-merger-and-acquisition-on-growth-of-nigerian-banks-7-2
EZIMAKO, EZIMAKO. " Effect Of Merger And Acquisition On Growth Of Nigerian Banks" Mouau.afribary.org. Mouau.afribary.org, 20 May. 2021, https://repository.mouau.edu.ng/work/view/effect-of-merger-and-acquisition-on-growth-of-nigerian-banks-7-2. Accessed 31 Oct. 2024.
EZIMAKO, EZIMAKO. " Effect Of Merger And Acquisition On Growth Of Nigerian Banks". Mouau.afribary.org, Mouau.afribary.org, 20 May. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-merger-and-acquisition-on-growth-of-nigerian-banks-7-2 >.
EZIMAKO, EZIMAKO. " Effect Of Merger And Acquisition On Growth Of Nigerian Banks" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-merger-and-acquisition-on-growth-of-nigerian-banks-7-2