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Mergers and Acquisitions in the Nigerian Banking Industry: An Explorative Investigation
Appah Ebimobowei,John M. Sophia
The Social Sciences , 2013, DOI: 10.3923/sscience.2011.213.220
Abstract: The study was designed to examine mergers and acquisitions in the banking industry in Nigeria. The need to carry out this study arose from the challenges faced by Nigerian banks despite the reduction of banks from 89-25 at the end of 31st December 2005. These current challenges faced by banks in the country have made researchers to question the efficacy of the consolidation of banks in Nigeria. The explorative research method was used for this study. Data was collected from journals, textbooks, conference papers and the internet. The findings reveal that the consolidation (mergers and acquisitions) activities in Nigeria did not meet the desired objectives of liquidity, capital adequacy and corporate governance which have resulted to more troubled banks after the consolidation. On the basis of these, the study recommends among others that corruption, fraud and insiders abuses must be minimized in the banking industry for the country to derive the benefits of mergers and acquisitions of banks.
Mergers and Acquisitions in Banking: Understanding the IT Integration Perspective  [cached]
Serhiy Kovela,Walter Skok
International Journal of Business and Management , 2012, DOI: 10.5539/ijbm.v7n18p69
Abstract: The aim of this exploratory study is to understand the key issues associated with integrating Information Technology (IT) in banking mergers and acquisitions (M&A). The study is undertaken by reviewing a number of high-profile cases and interviewing the IT practitioners who managed the corresponding processes. The result is a comprehensive review of a poorly understood and researched area providing insights into the significance of the IT-related elements in the M&A integration and specifics of the M&A IT integration process. The study concludes by formulating a blueprint layout and integration model describing the timescale, stages, and principles of efficient IT integration. The layout and model can be used by organisations to guide and facilitate the execution of their future banking M&A transactions.
CORPORATE GOVERNANCE: IMPLICATIONS FROM A CULTURAL PERSPECTIVE  [PDF]
Sorina CHIPER
Scientific Annals of the Alexandru Ioan Cuza University of Iasi : Economic Sciences Series , 2010,
Abstract: This article aims to research the ample cultural implications behind the expansion and adoption of corporate governance principles and practices and on the cultural differences inherent in the process of translation/localization of American, English or transnational practices towards continental Europe. More precisely, in the last part of this article, we shall compare the Olivencia rapport from Spain and the Code Corporate Governance Code of the Bucharest Stock Exchange, with a view to analyzing how elements of national culture influence the transfer of corporate governance principles.
IMPLICATIONS OF CROSS-BORDER MERGERS AND ACQUISITIONS IN THE POLISH BANKING SECTOR IN THE CONTEXT OF THE GLOBAL FINANCIAL CRISIS  [PDF]
ZBIGNIEW KORZEB
Annals of the University of Petrosani : Economics , 2010,
Abstract: The article presents the implications of the global financial crisis upon the Polish banking sector, formed under the influence of cross-border mergers and acquisitions. It illustrates the consequences of financial problems of foreign strategic shareholders in banks operating in Poland upon the stability of the entire banking system. It presents the proposed future directions of action to protect the stability of the banking system. It seems that in the case of a banking system as special as the Polish one, the key role will belong to the quality of the three main pillars of control over the work of banks: supervisory institutions, market discipline an corporate governance.
Corporate Governance and Shareholder Activism in India—Theoretical Perspective  [PDF]
Iragavarapu Sridhar
Theoretical Economics Letters (TEL) , 2016, DOI: 10.4236/tel.2016.64077
Abstract: The origin of division of powers between Board of Directors and Shareholders has been subject of different judicial interpretations. Company law is a standard federal law. Hence, it envisages a clear division of powers between Shareholders and Board of Directors. The purpose of this paper is to analyse the methods and role envisaged for shareholders in corporate governance, given the little incentives and limited means available to them to perform any supervisory function over Board of Directors. The study reports, that it is difficult to tie down any definite role for investors in corporate governance. Corporate governance ought to shift from being a procedural requirement when it comes to addressing the issue of shareholder activism. An implication of the study is to put emphasis for enforcement of shareholder rights through civil proceedings. This can be achieved by introducing substantive provisions codifying duty of care, fiduciary role-playing requirements for Board of Directors.
QUALITY OF THE FINANCIAL ACCOUNTING INFORMATION FROM THE PERSPECTIVE OF THE CORPORATE GOVERNANCE
Rada D?nu?
Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice , 2012,
Abstract: Corporate governance has as objective the overall leadership and management of the entire organisation by the risk management, organisation and exercising of internal control, including the internal audit. Within the concept of corporate governance, a core role is played by the transparency of the financial-accounting information, as it lies at the basis of the decision making.
Social Captial Management and Market Performance - The perspective on corporate governance and corporate social responsibility  [cached]
Shu-Lien Chang
International Journal of Business and Management , 2010, DOI: 10.5539/ijbm.v5n6p92
Abstract: The purpose of this paper is to explore the role of corporate governance and corporate social responsibility (CSR) in the creation and development of social capital in order to improve firms’ market performance.
AN OVERVIEW ON THE DETERMINANTS OF MERGERS AND ACQUISITIONS WAVES  [PDF]
Vancea Mariana
Annals of the University of Oradea : Economic Science , 2012,
Abstract: This paper concentrates on the presentation of the economic dimension of the mergers and acquisitions from a macroeconomic perspective. Thus, the objective of this paper is to reveal the main drivers of merger and acquisition activity. These operations take place in waves, which enters the context of changing the competition game marked by economic changes, technological evolutions, changes generated by the phenomenon of globalization, and by regulating changes. On the other side, a series of studies in the literature argue the existence of a connection between evaluating the securities and the merger and acquisition activity. This research is based on a systematic, logical and comparative analysis of scientific literature regarding the macroeconomic determinants of mergers and acquisitions.
Reliance of External Auditors on Internal Audit Work: A Corporate Governance Perspective  [cached]
Dessalegn Getie Mihret,Mengistu Amare Admassu
International Business Research , 2011, DOI: 10.5539/ibr.v4n2p67
Abstract: The literature suggests an increasing need for interactions among board of directors, management, internal audit and external audit as the four components of corporate governance and presents internal audit as a resource for the other components. External auditing standards that originated in the Western world, which are also being applied in developing countries, recommend external auditor’s reliance on internal audit to achieve audit efficiency. Nevertheless, whether this efficiency motive explains such reliance in corporate governance settings that differ from the West has not been sufficiently explored as yet. This study examines external auditor reliance on internal audit work using questionnaire survey of 119 external auditors in Ethiopia. Mann-Whitney U test results suggest that external auditors’ reliance on internal audit work is not significantly associated with the competitiveness of external audit sub-markets in Ethiopia. Results of multiple discriminant analysis indicate internal audit work performance is the most important factor that determines the extent of external auditors’ reliance on internal audit work. Overall, findings suggest that organizations can enhance corporate governance effectiveness by strengthening internal audit and fostering internal-external auditor coordination.
Is There Any Difference of Financial Features between Bidder and Target Banks in Nigeria Mergers and Acquisitions?
Bukar Umar Bolori
Open Access Library Journal (OALib Journal) , 2018, DOI: 10.4236/oalib.1104729
Abstract:
The Nigerian Banking sector has suffered problematic times since 1999, when the sector was facing problems of corporate governance as identified by the Central Bank of Nigeria. However, CBN started embarking on a comprehensive reform agenda since that time and many measures have been taken to bring the sector on the right track by imposing an IMF Code of Good Practices on Transparency in Monetary and Financial policies. Mergers and Acquisitions (M & A) is a process “where two or more companies are combined to achieve certain strategic and business objectives”. Therefore, Merger and Acquisition seems as a means of achieving business and strategy objectives. The study examined the differences of financial features among bidder and target banks in the Nigerian commercial banking sector. The findings of paired t-test on financial features among bidder and target banks show that bidders and targets’ mean of each variable and financial features between bidder and target banks for 3 years (2002-2004) average indicates that bidders and targets’ mean of each variable are statistically different at 5%. Similarly, the findings for bidder banks’ performance of 5 years (2000-2004) before and 5 years (2006-2010) after mergers and bidder banks’ performance of 3 years (2002-2004) before and 3 years after mergers (2006-2008) are also statistically different at 5%. The study recommends that managers of large and efficient banks seeking to go for merger and acquisition should halt from targeting small and less efficient banks because it will lead to operational inefficiency.
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