The purpose of this study is to make a comparative analysis of banking sector performance before and after the Merger and Acquisition (M&A). The analysis is based on the accounting measures to test the impact of pre and post M&A on the financial performance of banks in Pakistan during the period 2004-2015. The results reveal that liquidity, profitability and investment ratios of the banks are positively and significantly increased the performance after M&A. However, it also indicates that the solvency ratios are not statistically significant after M&A. In the light of these results, this study suggests implications for both theory and practice and also recommends ideas for future research.
A comparative study of banking sector performance before and after merger and acquisition: Evidence from Pakistan
Hussain Muhammad
;Stefania Migliori
2019-01-01
Abstract
The purpose of this study is to make a comparative analysis of banking sector performance before and after the Merger and Acquisition (M&A). The analysis is based on the accounting measures to test the impact of pre and post M&A on the financial performance of banks in Pakistan during the period 2004-2015. The results reveal that liquidity, profitability and investment ratios of the banks are positively and significantly increased the performance after M&A. However, it also indicates that the solvency ratios are not statistically significant after M&A. In the light of these results, this study suggests implications for both theory and practice and also recommends ideas for future research.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
