Abstract:
This study ascertains the influence of merger and
acquisition a s a growth and survival strategy. The crisis
facing so many corporate firms as a result of ca p it al
inadequacy has led to the collapsing of so many firms. As a
result, it is the objectives of this study to evaluate the
impact of merger and acquisition on growth and survival of
corpor.ate firms using banks as study, to ascertain whether
the banks have grown anc, survived as result of merger and
acquisition. A survey research method was applied. Data
were collected through primary and secondary sources. The
population s am p les were crawn from two groups i.e. Access
Bank and First City Monument Bank. A judgmental
sampling technique in which 45 and 50 of each samples
were selected was adopted for convenience sake. Data were
analyzed using "2" test as an inferential statistics for testing
of differences in perception of participants on merger and
acquisition as a means of growth and survival and
improving its earn in g per share . Ratios of the banks used
for study were employed for evaluation purposes. A
regress ion analysis was a c op ted to express the quantitative
relationship among variables i.e . Return on Capital
Employed (ROCE) and Earning per Share (EPS) , used in this
study -the financial ratios for pre-merger and post-merger.
The result obtained after ";he analysis showed that merger
and acquisition act as a m -ans for growth and survival and
improvement of earning pt r share of the banks. Based Of1
this , the study recommends that firms should re-train and
re-educate its employees 0 :::1 the new company 's culture so
as to ensure a smooth transition and improved processes
