Papers by Olaniyi Ajewole
Research Journal of Finance and Accounting, 2016
Essentially, mergers and acquisitions in the Nigerian banking sector are reform strategies recent... more Essentially, mergers and acquisitions in the Nigerian banking sector are reform strategies recently adopted to reposition the banking sector. These were done to achieve improved financial efficiency, forestall operational hardships and expansion bottlenecks. Nevertheless, a sizeable proportion of the deposit-money banks operating in the country before the introduction of the policy of bank consolidation were classified as unhealthy as a result of a seemingly unending systemic crisis, hence, the necessity for the banks in this category to embrace the option of mergers and acquisitions as a way out of their precarious situation. The objectives of the study therefore, was to establish the motives behind corporate mergers and acquisitions, to examine whether mergers and acquisitions are ways of stemming the tide of persistent distress in the Nigerian banking sector as well as to investigate whether mergers and acquisitions are survival strategies for the banking sector in Nigeria. The m...
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Papers by Olaniyi Ajewole