The effects of mergers and acquisitions on business performance in Nigerian banking industry: an empirical analysis

Olawumi Dele Awolusi

International Journal of Business Performance Management, 2012, vol. 13, issue 3/4, 366-385

Abstract: This paper provides a holistic view of the mergers and acquisitions (M%As) implementation process, by reviewing the hard and soft factors that cause success and failure for M%As implementation, as well as, examine the impact of M%As on perceived business performance measures (PBPM) in Nigerian banking industry. The aim was achieved through an empirical study involving a survey on 19 Nigerian banks involved in mergers and/or acquisitions. Using SEM, multivariate analyses were mathematically represented in a single equation, and findings from this study confirmed that M%As had significant association on PBPM. The equation could be used by banks, and companies alike, to compose strategies to optimise their management of business performance and mergers and/or acquisition programmes. The model was able to provide predictive implications on business performance, given the activities of key factors manifesting successful M%As, hence, these factors could be adopted by companies wishing to undertake M%As programme in Nigeria. Nonetheless, to improve business performance management, companies could control their M%As programme.

Keywords: consolidation; mergers; acquisitions; structural equation modelling; Nigeria; SEM; holistic views; implementation processes; hard factors; soft factors; success; failure; perceived business performance measures; multivariate analysis; single equations; business strategies; acquisition programmes; predictive implications; key factors; performance management; efficiency management; service sector organisations. (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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