ABSTRACT
This study investigates merger and acquisition as growth strategy in Nigeria. It examine the effect of merger and acquisition on the growth of Access Bank Plc; the contribution of merger and acquisition to the growth of Nigeria and look at the impact of merger and acquisition on actualization of organizational objectives. The study was anchored on four theories namely, Value-Increasing theory, Bank concentration theory, Eat or be Eaten theory and Agency theory. Survey design was adopted using primary and secondary data. To this end, the study was carried out using both primary (questionnaire) and secondary (banks financial statements) data. Data generated were analysed using descriptive statistics such as simple percentage, Multiple Regression Analysis and Pearson Moment Correlation Coefficient. Findings from the study reveals that contribution of merger and acquisition has significant impact on the growth of Nigeria banks. Also, there is statistical significant relationship between the contribution of merger and acquisition, and organisation objective/goals of Nigerian Banks. Among other recommendation is that government and the regulatory authorities in the banking sector should impose stringent laws which must be complied with by Nigerian banks in order for the banks to be conscious on their toes by enforcing checks and balances in their various operating departments in the system.
TABLE OF CONTENTS
CHAPTER ONE: Introduction
1.0 Background to the Study
1.1 Statement of Problem
1.2 Objective of the Study
1.3 Research Questions
1.4 Research Hypotheses
1.5 Scope of the Study
1.6 Limitation of the Study
1.7 Justification of the Study
1.8 Organization of the Study
1.9 Definition of Terms
CHAPTER TWO: Literature Review
2.0 Preamble
2.1 Conceptual Review
2.1.1 Definition of Merger
2.1.2 Concept of Acquisition
2.1.3 Motives for Merger and Acquisition
2.1.4 Modalities of Merger
2.1.5 Benefit of Merger
2.1.6 Impacts of Merger and Acquisition to Nigeria Economy
2.1.7 Effective Strategies for Merger and Acquisition
2.2 Theoretical Review
2.2.1 The Value-Increasing Theories
2.2.2 Bank Concentration Theory
2.2.3 “Eat or be Eaten” theory of mergers
2.2.4 Agency Theory
2.3 Empirical Review
2.4 Historical Background of Access Bank Plc
CHAPTER THREE: Research Methodology
3.0 Preamble
3.1 The Study Area
3.2 The Population of the Study
3.2.1 Population Distribution
3.2.2 Sample Size and Procedure
3.3 The Research Design
3.4 Type of Data and Instrument for Data Collection
3.5 Validity and Reliability of Primary Data
3.6 Model Specification
3.7 Method of Data Analysis
CHAPTER FOUR: Data Presentation, Interpretation and Analysis
4.0 Preamble
4.1 Secondary Data Table
4.2 Demographic Characteristics of Respondents
4.3 Analysis and Interpretation of Questions Relating to Variables
4.4 Testing of Hypothesis
4.5 Discussion of Findings
CHAPTER FIVE: Summary of Findings, Conclusion and Recommendations
5.0 Preamble
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendations
5.4 Suggestion for Further Studies
References
Appendix: Questionnaire
