ABSTRACT
The study on mergers and acquisition
is a crucial one especially when the selected effects of the bank consolidation
policy in the present banking dispensation, especially by some banks that lacks
the capital and asset base for Individual corporate existence in the monetary
and financial markets. This strategic financial move resulted into positive
performance indices that adopted this financial strategic for growth and
survival. This study, therefore focuses on mergers and acquisitions on the
performance the companies in Nigeria using a study of selected banks such as
access bank plc, united bank for Africa plc, fidelity bank plc, diamond bank
plc, union bank plc and investment banking and trust company plc (IBTC),
relatives to corporate profitability then shareholders ,fund and companies
asset value. The objectives of the study were to access the effect of mergers
and acquisition of the total asset value. To examine the effect of mergers and
acquisition on the bank shareholders forum and to find, out its associated
problems as well as its recommendation as a propound solution to it. In
carrying out this research secondary data were generated from a group five year
financial summary of he six selected banks for the period of
(2003-2007)(2004-2008). Regression and T-statistics were used In data analysis
and testing the three hypothesis. 5% level of significance was provided for
against error and 95% of work done is assumed to be correct. From the study,
the findings review that there is improvement in the profitability indices,
asset value and shareholders fund of the merged and acquired six banks. In my
recommendation, the board and management of banks should pay greater attention
to mergers and acquisition and its development for the growth of Nigerian
economy, as this will eliminate the issue of liquidation or systematic distress
in the Nigerian banking sector. Government and the other regulatory authorities
should initiate solid rules and regulations that will guide the exercise so
that it will not be a room for incapable to continue operation under their
holding or parent company and finally merged and acquired banks must formulate
rule and regulation guiding them so that they will achieve their main motive
and stand firm in the competitive world, given globalization.
OKWUONU, C (2021). Effect Of Mergers And Acquisitions On The Performance • Of Companies In Nigeria. (A Study Of Selected Banks In Nigeria) . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-mergers-and-acquisitions-on-the-performance-of-companies-in-nigeria-a-study-of-selected-banks-in-nigeria-7-2
CHDNMA, OKWUONU. "Effect Of Mergers And Acquisitions On The Performance • Of Companies In Nigeria. (A Study Of Selected Banks In Nigeria) " Mouau.afribary.org. Mouau.afribary.org, 13 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-mergers-and-acquisitions-on-the-performance-of-companies-in-nigeria-a-study-of-selected-banks-in-nigeria-7-2. Accessed 27 Nov. 2024.
CHDNMA, OKWUONU. "Effect Of Mergers And Acquisitions On The Performance • Of Companies In Nigeria. (A Study Of Selected Banks In Nigeria) ". Mouau.afribary.org, Mouau.afribary.org, 13 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-mergers-and-acquisitions-on-the-performance-of-companies-in-nigeria-a-study-of-selected-banks-in-nigeria-7-2 >.
CHDNMA, OKWUONU. "Effect Of Mergers And Acquisitions On The Performance • Of Companies In Nigeria. (A Study Of Selected Banks In Nigeria) " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-mergers-and-acquisitions-on-the-performance-of-companies-in-nigeria-a-study-of-selected-banks-in-nigeria-7-2