OPERATIONAL AND FINANCIAL CONSEQUENCES OF MERGERS AND ACQUISITIONS : CASE: NIGERIAN BANKING SECTOR
Onashile, Grace (2016)
Onashile, Grace
Seinäjoen ammattikorkeakoulu
2016
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201605046191
https://urn.fi/URN:NBN:fi:amk-201605046191
Tiivistelmä
The aim of this thesis is to establish the operational and financial challenges in mergers and acquisitions using the Nigerian banking sector as a case study. And also to proffer solutions on how these challenges can be mitigated or reduced.
The Nigerian banking sector has undergone several consolidation- mergers and acquisition and consolidation in the banking sector is still an ongoing process. The operational challenges experienced at the early years of operations of merged banks include: Information Technology (IT) issues, Human Resource (HR) issues, Communication issues and among others. The Financial issue is majorly on the maximization of the shareholders wealth of the merging banks.
The research methodology used was both quantitative and qualitative methods. For the quantitative aspect, online questionnaires were sent to employees of four different banks that have undergone consolidation process (two banks that merged and two banks that were acquired by other banks) and the feedback from the respondents were critically analyzed with the underlying theories. The qualitative method was the review of financial reports of one of the banks prior to merger/acquisition and after the merger/acquisition.
On a final note, conclusion was given.
The Nigerian banking sector has undergone several consolidation- mergers and acquisition and consolidation in the banking sector is still an ongoing process. The operational challenges experienced at the early years of operations of merged banks include: Information Technology (IT) issues, Human Resource (HR) issues, Communication issues and among others. The Financial issue is majorly on the maximization of the shareholders wealth of the merging banks.
The research methodology used was both quantitative and qualitative methods. For the quantitative aspect, online questionnaires were sent to employees of four different banks that have undergone consolidation process (two banks that merged and two banks that were acquired by other banks) and the feedback from the respondents were critically analyzed with the underlying theories. The qualitative method was the review of financial reports of one of the banks prior to merger/acquisition and after the merger/acquisition.
On a final note, conclusion was given.