ABSTRACT
This research study evaluates the
impact of merger and acquisition on the performance of companies in Nigeria
with much emphasis being placed on two selected banks, "United Bank for
Africa and Access Bank Plc ". A survey research design was used as data
used were obtained from secondary sources, using the selected banks annual
reports and statements of accounts prior to (2001-2006) and after (2010-2015)
merger and acquisition. Three research questions were formulated of which three
hypotheses were tested using t-test statistic at 5% level of significance (or
95% confidence level) with the aid of statistical package for social sciences
(SPSS) 21 which is an improvement on the ordinary student t-test. The result
showed an enhanced companies performance leading to improved financial
efficiency resulting from increase in their combined means, standard deviations
and variances for net assets, profit after tax and gross earnings. The evidence
from the analysed hypotheses indicated that merger and acquisition has
significant positive impact on the profitability, company 's assets and not for
company 's growth. These results could be attributed to the fact that most
companies spend huge sums of money after the merger and acquisition to expand
branches and for investment. The researcher therefore, recommends that
companies should put in place strategies that would improve their performance,
stability and growth, and also companies should be more aggressive in financial
efficiency for an improved financial position in terms of profit after tax, net
assets and gross earnings in order to reap more the benefits of post mergers
and acquisitions bids.
OBIJIAKU, I (2021). Evaluation Of Merger And Acquisition On The Performance Of Companies In Nigeria (A Study Of Selected Banks). Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-merger-and-acquisition-on-the-performance-of-companies-in-nigeria-a-study-of-selected-banks-7-2
IFEOMA, OBIJIAKU. "Evaluation Of Merger And Acquisition On The Performance Of Companies In Nigeria (A Study Of Selected Banks)" Mouau.afribary.org. Mouau.afribary.org, 04 Aug. 2021, https://repository.mouau.edu.ng/work/view/evaluation-of-merger-and-acquisition-on-the-performance-of-companies-in-nigeria-a-study-of-selected-banks-7-2. Accessed 27 Nov. 2024.
IFEOMA, OBIJIAKU. "Evaluation Of Merger And Acquisition On The Performance Of Companies In Nigeria (A Study Of Selected Banks)". Mouau.afribary.org, Mouau.afribary.org, 04 Aug. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-merger-and-acquisition-on-the-performance-of-companies-in-nigeria-a-study-of-selected-banks-7-2 >.
IFEOMA, OBIJIAKU. "Evaluation Of Merger And Acquisition On The Performance Of Companies In Nigeria (A Study Of Selected Banks)" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-merger-and-acquisition-on-the-performance-of-companies-in-nigeria-a-study-of-selected-banks-7-2