• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Research Journal of Finance and Accounting >Effect of Mergers and Acquisitions on the Performance of Commercial Banks in Kenya: A Case of Selected Banks that Have Undergone M&A in Kenya
【24h】

Effect of Mergers and Acquisitions on the Performance of Commercial Banks in Kenya: A Case of Selected Banks that Have Undergone M&A in Kenya

机译：并购对肯尼亚商业银行绩效的影响：以在肯尼亚进行并购的部分银行为例

获取原文
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

The purpose of the study was to assess the effect of mergers and acquisition on the performance of Commercial Bank in Kenya. The study employed a survey research design. The population of the study consisted of 36 banks that merged in the period 2000 to 2010 in Kenya with purposive sampling/ Non-probability sampling method. The study used secondary sources of data from the published audited annual reports of accounts and financial statements for the respective banks over the period from C.B.K., N.S.E., C.M.A. The study found out that; (i) ROA of the banks that merged or were acquired communicate mixed signals. ROA of the new institution improved after the acquisition or the merger. However, ROA of the new institution at times dropped slightly compared to the average of the two institutions before the coming together transaction was concluded. (ii) ROE reveals a similar trend to that revealed by ROA. ROE improved gradually from the year of merger/acquisition. (iii) EPS posted mixed reactions. In most cases, EPS of the new institution formed after the merger improved tremendously after the merger/acquisition. This study recommends that commercial banks with a weak and unstable capital base should seek to consolidate their establishments through M & A so as to expand their profitability as the merger and acquisition is not just for the best interest of the managers but also shareholders as it leads to an increase in shareholders’ wealth as opposed to each financial institution operating separately on its own.
机译：这项研究的目的是评估合并和收购对肯尼亚商业银行业绩的影响。该研究采用了调查研究设计。该研究的人口包括36个银行，这些银行在2000年至2010年期间以有目的抽样/非概率抽样方法在肯尼亚合并。该研究使用了来自C.B.K.，N.S.E.，C.M.A.期间的各银行已发布的经审计的年度账目和财务报表年度报告的二级数据来源。研究发现： （i）合并或收购的银行的资产回报率传达混合信号。收购或合并后，新机构的ROA有所提高。但是，新机构的资产回报率有时比合并交易完成之前两家机构的平均水平略有下降。 （ii）股本回报率显示与股本回报率相似的趋势。从合并/收购之日起，股本回报率逐渐提高。 （iii）EPS表现出不同的反应。在大多数情况下，合并/收购后新机构成立后的每股收益大大提高。这项研究建议，资本基础薄弱和不稳定的商业银行应寻求通过并购合并其机构，以扩大其盈利能力，因为并购不仅符合管理者的最佳利益，而且也有利于股东。与每个金融机构自己独立运作相比，股东财富增加了。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号