Refocusing on the Success Enabling Factors in Mergers and Acquisitions

Okafor, Anthony

doi:10.19044/esj.2019.v15n16p172

Cited by 6 publications

(7 citation statements)

References 46 publications

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“…In carrying out this review, the researcher reviewed banking sector data and the website of the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation. The study employed a content analysis method as prescribed by (Okafor 2019;Wilson, 2011). Content analysis methods are typically used to analyze qualitative or quantitative data containing written, verbal, or visual documentation dating back to the 1950s (White & Marsh, 2006).…”

Section: Data Collection Methodsmentioning

confidence: 99%

“…Most of the pioneer banks failed because of uncoordinated activities, mismanagement, and shoddy reporting among the staff and the directors of the banks (Afolabi & Dare, 2015). The advent of the regulatory agency, the Central Bank of Nigeria, CBN, in 1959 led to standardization in the banking sector (Okafor, 2019). Accordingly, the Nigerian banking system witnessed tremendous growth until the erato2006 when the bank consolidation occurred.…”

Section: Incidences Of Bank Failures In Nigeriamentioning

confidence: 99%

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A Review of Bank Liquidations and Consolidations in Nigerian Banks

Aderonke

2020

ESJ

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Since the emergence of banks in Nigeria in 1892, the Nigerian Banking sector has undergone a restructuring series. Before the 2006 banking consolidation exercise, many banks have gone under primarily due to poor management and inadequate financial reporting. The consolidation of banks in 2006 became necessary to forestall the sector's systemic collapse since many of the banks were distressed and unable to meet their customers' expectations. This qualitative review of the Nigerian banks focused on what transpired in the sector from 2006 to date. Archival and content analysis methods were used in the data collection and analysis process mainly because some banks have been liquidated while others have been merged or acquired by other banks. Findings revealed that some banks that survived the post-2006 consolidation exercise had been liquidated; some have merged with others while the banks are still operating as standalone. The CBN has introduced the bridge banks' concept to acquire and manage distressed banks pending new buyers' time. The amended code of corporate governance of 2016 has drastically improved the CBN's regulatory and monitoring activities. Accordingly, the CBN is better equipped. Lasting measures are in place to forestall any unanticipated disruptions in the Nigerian banking sector.

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Section: Data Collection Methodsmentioning

confidence: 99%

Section: Incidences Of Bank Failures In Nigeriamentioning

confidence: 99%

A Review of Bank Liquidations and Consolidations in Nigerian Banks

Aderonke

2020

ESJ

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“…Moreover, centralized functions promote collaboration among subsidiaries, enabling knowledge sharing, best practices, and economies of scale across the group. This alignment has facilitated effective risk management, ensuring compliance with local regulations and maintaining financial stability (Okafor, 2019).…”

Section: Practical Applicationsmentioning

confidence: 99%

Organization's Structure Alignment to the Environment and Objectives is a Key Determinant of its Success

2023

JHRL

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The alignment of an organization's structure with its environment and objectives is emphasized in this paper as a critical factor in determining its success. The paper highlights the importance of understanding the external environment and adapting to changes, as well as the role of organizational objectives in shaping the structure. The paper discusses the various types of organizations, ranging from multinational corporations to nonprofits, as well as the unique challenges that each type of organization faces. It emphasizes that organizations operate in a complex and dynamic external environment, and that their structure should be adaptable to changes while remaining aligned with their strategic goals and objectives. It investigates how various schools of thought in organizational theory can assist organizations in identifying and addressing challenges, as well as providing guidance in designing a suitable structure to effectively address those challenges. The paper also provides examples of organizations that used these theories to gain insights into areas such as organizational design, leadership, communication, and decision-making, all of which are critical for effectively addressing challenges. Organizations can design a suitable structure that allows them to effectively deal with the challenges they face and ultimately achieve their desired outcomes by considering the principles and concepts offered by organizational theory.

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“…Foreign Direct Investment (FDI) can be categorized as a Greenfield investment -which is a method of establishing a whole operation in a foreign country including the purchase of property, plant, and machinery. Foreign Direct Investments (FDI) can also be categorized as Brownfield investments which is the acquisition of an existing business or a merger (Okafor, 2019).…”

Section: Introductionmentioning

confidence: 99%

Corporate Taxes and Foreign Direct Investments: An Impact Analysis

2020

PPAR

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We investigate the effects of corporate taxes on the flow of foreign direct investments (FDI) in Nigeria between 1983 and 2017. The study adopts the ex-post facto research design; secondary data were sourced from the World Bank Development indicator, Central Bank of Nigeria database, and Federal Inland Revenue database. Research data was analyzed using the Error Correction Model (ECM). The coefficient of determination (R 2 ) showed that about 77 percent of the systematic changes in FDI are attributed to the combined effect of all the explanatory variables captured in the study. We find that Company Income Tax, Value Added Tax, and Custom and Excise Duties have a significant but negative relationship with FDI. In contrast, Tertiary Education Tax has a positive association with FDI. Also, Exchange Rate had a negative but significant relationship with FDI; Inflation had an insignificant but positive association with FDI, while GDP growth rate and Trade Openness showed a positive and significant association with FDI. Our findings deviate from previous results, as we find new evidence that a higher Education tax rate influences FDI, and the emerging evidence on the effect of non-tax variables on FDI inflow.

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Refocusing on the Success Enabling Factors in Mergers and Acquisitions

Cited by 6 publications

References 46 publications

A Review of Bank Liquidations and Consolidations in Nigerian Banks

A Review of Bank Liquidations and Consolidations in Nigerian Banks

Organization's Structure Alignment to the Environment and Objectives is a Key Determinant of its Success

Corporate Taxes and Foreign Direct Investments: An Impact Analysis

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