Although merger and acquisition is very crucial to the growth of organizations, to assess the potential profit and benefits of mergers and acquisitions, company valuation is required. Nevertheless it seems that wrong valuation choices has affected the decisions of many organization as regarding which company to merge with or which one to acquire and this has also affected many business organization. Studies have had inconclusive findings thereby creating a gap which needs to be filled. Hence, this study examined the effect of assets valuation on mergers, and acquisition of selected money deposit banks in Nigeria. This study quantitatively examined how assets valuation affects merger and acquisition of selected money deposit banks in Nigeria. The study employed survey research design. A stratified selection strategy was used to choose a representative sample from the research population. Data were analysed using descriptive and inferential statistics. The study findings shows that Assets valuation has a positive significant effect on mergers, and acquisition of selected money deposit banks in Nigeria (Adj R2 = .279, f = 127.375, p<0.05). The result of hypothesis concluded that assets valuation had a significant effect on merger and acqusition of selected money deposit banks in Nigeria in Nigeria. Based on the findings, the study recommend that adequate valuation of assets be examined or carried before acquiring a bank. Also investors should only invest or merge with banks whose assets have appreciable outlook so as to remain profitable at a long run. Keyword: Assets, Acquisitions, Stakeholders, Mergers, Valuation
Economic and financial fraud instances have risen over the past few years. However, fraud is a dynamic phenomenon, and new ways to defraud people, businesses, even government and the environment as a whole, appear every day. Adopting significant accounting techniques and fraud detection measures that are capable of identifying and preventing any type of fraud, regardless of how complex, is therefore imperative. The forensic accounting technique is one of these methods. This is one of the types of techniques that is primarily responsible for the investigation of fraud and is created primarily in the field of public and private finances. This study therefore examines the effect of forensic accounting techniques on attainment of results in Federal Government parastatals in Nigeria. The study adopted survey research design. The population of the study was 5 federal government agencies. Purposive sampling technique was used to select 2 agencies. The target population of the study was 131 accountants in the two agencies chosen- Nigeria Port Authority and Nigeria Civil Aviation Authority. Total enumeration was adopted. A validated and structured questionnaire was used to administer 131 copies of the questionnaire to the respondents. 126 copies were retrieved which represented 96% response rate. The Cronbach alpha reliability coefficients ranged from 0.740 – 0.892. The data were analyzed using descriptive and inferential (multiple regression) statistics at 5% level of significant. The result found that forensic accounting techniques had significant effect on output maximization in public sector of Nigeria (Adj. R2 = 0.183; F(6, 125)= 7.995, p < 0.05). The study concluded that forensic accounting techniques had a significant positive effect on attainment of result (effectiveness). The study recommended that government should adopt forensic accounting investigation techniques in corruption investigation significantly achieve attainment of results in government parastatals.
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