IMPACT OF MERGERS AND ACQUISITIONS ON THE FINANCIAL PERFORMANCE OF BIDDING BANKS IN PAKISTAN

http://dx.doi.org/10.31703/gssr.2019(IV-III).43      10.31703/gssr.2019(IV-III).43      Published : Sep 3
Authored by : MuhammadFaizanMalik , IhtishamKhan , MuhammadIlyas

43 Pages : 332-340

References

  • Abd-Kadir, H., Selamat, Z., and Idros, M. (2010). Productivity of Malaysian banks after mergers and acquisition. European Journal of Economics, Finance and Administrative Sciences. 24.
  • Ahmed, M., and Ahmed, D. Z. (2014). Mergers and Acquisitions: Effect on Financial Performance of Banking Institutions of Pakistan. Journal of Basic and Applied Scientific Research( 4(4)249-259).
  • Akhavein, J. D., Berger, A. N., and Humphrey, D. B. (1997). The effects of megamergers on efficiency and prices: Evidence from a bank profit function. Review of industrial organization. 12(1), 95-139.
  • Alexandridis, G., Fuller, K. P., Terhaar, L., and Travlos, N. G. (2013). Deal size, acquisition premia and shareholder gains. Journal of Corporate Finance. 20, 1- 13.
  • Anderibom, A. S., and Obute, C. O. P. D. (2015). The Effects Of Mergers And Acquisitions On The Performanceof Commercial Banks In Nigeria: Evidenced From United Bank For Africa (Uba) Plc. International Journal of Education and Research. 3(4), 93-112.
  • Andrade, G., Mitchell, M. L., and Stafford, E. (2001). New evidence and perspectives on mergers.
  • Andre, P., Kooli, M., and L'her, J.-F. (2004). The long-run performance of mergers and acquisitions: Evidence from the Canadian stock market. Financial Management, 27-43.
  • Badreldin, A., and Kalhoefer, C. (2009). The effect of mergers and acquisitions on bank performance in Egypt. Journal of Management Technology. 25, 1-15.
  • Brainard, W. C., and Tobin, J. (1968). Pitfalls in financial model building. The American Economic Review. 58(2), 99-122.
  • Chawla, A. (2014). Impacts of merger and acquisition on financial performance in private banks in India:(Case study of M&A on bank of Rajasthan & ICICI bank). International Journal of Research in Finance and Marketing. 4(3), 64-74.
  • Chung, K. H., and Pruitt, S. W. (1994). A simple approximation of Tobin's q. Financial Management, 70-74.
  • Clogg, C. C., Petkova, E., and Haritou, A. (1995). Statistical methods for comparing regression coefficients between models. American Journal of Sociology. 100(5), 1261-1293.
  • Dilshad, M. N. (2013). Profitability analysis of mergers and acquisitions: an event study approach. Business and economic research. 3(1), 89-125
  • Erickson, T., and Whited, T. M. (2006). On the accuracy of different measures of q.Financial Management. 35(3), 5-33.
  • Ghosh, A. (2001). Does operating performance really improve following corporate acquisitions? Journal of Corporate Finance. 7(2), 151-178.
  • Hamid, N. I. N. A. (2010). Mergers & Acquisitions, Bidders' Characteristics and Long- term Performance. Universiti Kebangsaan Malaysia.
  • Healy, P. M., Palepu, K. G., and Ruback, R. S. (1992). Does corporate performance improve after mergers? Journal of Financial economics. 31(2), 135-175.
  • Healy, P. M., Palepu, K. G., and Ruback, R. S. (1997). Which takeovers are profitable?Strategic or financial? Sloan Management Review. 38(4), 45-57.
  • Hegbrant, J., and Hellberg, F. (2014). Macroeconomic Factors Influencing Cross-Border Merger & Acquisitions Value-An empirical study of UK acquirers on foreign targets.
  • Kadir, H. A., Habibullah, M. S., Law, S. H., and Mohamed, A. (2014). Market Structure and Bank Competition Conditions in Malaysia. Journal of Technology Management and Business. 1(2).
  • Kouser, R., and Saba, I. (2011). Effects of business combination on financial performance: Evidence from Pakistan's Banking Sector. Australian Journal of Business and Management Research. 1(8), 54-64.
  • Lai, K. Y., Ling, T. P., Eng, T. K., Cheng, L. S., and Ting, L. F. (2015). Financial Performance of Malaysia Local Banks: During Period of Pre-Merger and Post- Merger. Journal of Economics, Business and Management. 3(9), 826-830.
  • Lang, L. H., Stulz, R., and Walkling, R. A. (1989). Managerial performance, Tobin's Q, and the gains from successful tender offers. Journal of Financial economics. 24(1), 137-154.
  • Liu, B., and Tripe, D. (2003). New Zealand bank mergers and efficiency gains. Journal of Asia-Pacific Business. 4(4), 61-81.
  • Lubna, H. (2011). Rule of law, legal development and economic growth: Perspectives for Pakistan. Journal of Advanced Research in Law and Economics (JARLE)(Vol. 2/3), 48-59.
  • McDougall, F. M., and Round, D. K. (1986). The Determinants and Effects of Corporate Takeovers in Australia, 1970-1981. Australian Institute of Management, Victoria.
  • Niresh, A., and Thirunavukkarasu, V. (2014). Firm size and profitability: A study of listed manufacturing firms in Sri Lanka. International Journal of Business and Management. 9(4).
  • Paternoster, R., Brame, R., Mazerolle, P., and Piquero, A. (1998). Using the correct statistical test for the equality of regression coefficients. Criminology. 36(4), 859- 866.
  • Pillania, R. K., and Kumar, R. (2009). Post-merger corporate performance: an Indian perspective. Management Research News. 32(2), 145-157.
  • Piloff, S. J., and Santomero, A. M. (1998). The value effects of bank mergers and acquisitions: Springer.
  • Punch, K. F. (2013). Introduction to social research: Quantitative and qualitative approaches: Sage.
  • Ramakrishnan, K. (2008). Long-term post-merger performance of firms in India. Vikalpa.33(2), 47-63.
  • Ramakrishnan, S. (2012). Sectoral analysis on capital structure determinants among the Malaysia listed firms: Deakin University.
  • Shah, B. A., and Khan, N. (2017). Impacts of Mergers and Acquisitions on Acquirer Banks' Performance. Australasian Accounting, Business and Finance Journal. 11(3), 30- 54.
  • Shakoor, I. M., Nawaz, M., ZulqarnainAsab, M., and Khan, W. A. (2014). Do Mergers and Acquisitions Vacillate the Banks Performance?(Evidence from Pakistan Banking Sector). Research Journal of Finance and Accounting. 5(6), 123-137.
  • Shar, A. H., ali Shah, M., and Jamali, H. (2010). Performance evaluation of banking sector in Pakistan: An application of Bankometer. International Journal of Business and Management. 5(8), p113.
  • Sharma, C., and Mitra, A. (2015). Corruption, governance and firm performance: Evidence from Indian enterprises. Journal of Policy Modeling. 37(5), 835-851.
  • Song, S.-I., Ali, R., and Pillay, S. (2008). Corporate Takeovers in in Malaysia: The Determinants of Post-Acquistion Values of Acquiring Firms. SSRN Working Paper Series.
  • Sulaiman, L. (2012). Does Restructuring Improve Performance? An Industry Analysis Of Nigerian Oil & Gas Sector. Research Journal of Finance and Accounting. 3(6), 55-62.
  • Tobin, J. (1969). A general equilibrium approach to monetary theory. Journal of Money, Credit and Banking. 1(1), 15-29.
  • Uzhegova, O. (2015). The Relative Importance of Industry-& Country-Specific Factors for Bank Performance in Developed and Emerging Economies. Review of European Studies. 7(7), 365.
  • Vazirani, N. (2015). A Literature Review on Mergers and Acquisitions Waves and Theories. SIES Journal of Management. 11(1).
  • Yuan, Z., Ye, Z., and Ma, J. (2016). The Effect of Different Payment Methods on M&A Performance: An Empirical Analysis Based on the Panel Data of Shanghai And Shenzhen A-Share Market. Paper presented at the SHS Web of Conferences.

References

  • Abd-Kadir, H., Selamat, Z., and Idros, M. (2010). Productivity of Malaysian banks after mergers and acquisition. European Journal of Economics, Finance and Administrative Sciences. 24.
  • Ahmed, M., and Ahmed, D. Z. (2014). Mergers and Acquisitions: Effect on Financial Performance of Banking Institutions of Pakistan. Journal of Basic and Applied Scientific Research( 4(4)249-259).
  • Akhavein, J. D., Berger, A. N., and Humphrey, D. B. (1997). The effects of megamergers on efficiency and prices: Evidence from a bank profit function. Review of industrial organization. 12(1), 95-139.
  • Alexandridis, G., Fuller, K. P., Terhaar, L., and Travlos, N. G. (2013). Deal size, acquisition premia and shareholder gains. Journal of Corporate Finance. 20, 1- 13.
  • Anderibom, A. S., and Obute, C. O. P. D. (2015). The Effects Of Mergers And Acquisitions On The Performanceof Commercial Banks In Nigeria: Evidenced From United Bank For Africa (Uba) Plc. International Journal of Education and Research. 3(4), 93-112.
  • Andrade, G., Mitchell, M. L., and Stafford, E. (2001). New evidence and perspectives on mergers.
  • Andre, P., Kooli, M., and L'her, J.-F. (2004). The long-run performance of mergers and acquisitions: Evidence from the Canadian stock market. Financial Management, 27-43.
  • Badreldin, A., and Kalhoefer, C. (2009). The effect of mergers and acquisitions on bank performance in Egypt. Journal of Management Technology. 25, 1-15.
  • Brainard, W. C., and Tobin, J. (1968). Pitfalls in financial model building. The American Economic Review. 58(2), 99-122.
  • Chawla, A. (2014). Impacts of merger and acquisition on financial performance in private banks in India:(Case study of M&A on bank of Rajasthan & ICICI bank). International Journal of Research in Finance and Marketing. 4(3), 64-74.
  • Chung, K. H., and Pruitt, S. W. (1994). A simple approximation of Tobin's q. Financial Management, 70-74.
  • Clogg, C. C., Petkova, E., and Haritou, A. (1995). Statistical methods for comparing regression coefficients between models. American Journal of Sociology. 100(5), 1261-1293.
  • Dilshad, M. N. (2013). Profitability analysis of mergers and acquisitions: an event study approach. Business and economic research. 3(1), 89-125
  • Erickson, T., and Whited, T. M. (2006). On the accuracy of different measures of q.Financial Management. 35(3), 5-33.
  • Ghosh, A. (2001). Does operating performance really improve following corporate acquisitions? Journal of Corporate Finance. 7(2), 151-178.
  • Hamid, N. I. N. A. (2010). Mergers & Acquisitions, Bidders' Characteristics and Long- term Performance. Universiti Kebangsaan Malaysia.
  • Healy, P. M., Palepu, K. G., and Ruback, R. S. (1992). Does corporate performance improve after mergers? Journal of Financial economics. 31(2), 135-175.
  • Healy, P. M., Palepu, K. G., and Ruback, R. S. (1997). Which takeovers are profitable?Strategic or financial? Sloan Management Review. 38(4), 45-57.
  • Hegbrant, J., and Hellberg, F. (2014). Macroeconomic Factors Influencing Cross-Border Merger & Acquisitions Value-An empirical study of UK acquirers on foreign targets.
  • Kadir, H. A., Habibullah, M. S., Law, S. H., and Mohamed, A. (2014). Market Structure and Bank Competition Conditions in Malaysia. Journal of Technology Management and Business. 1(2).
  • Kouser, R., and Saba, I. (2011). Effects of business combination on financial performance: Evidence from Pakistan's Banking Sector. Australian Journal of Business and Management Research. 1(8), 54-64.
  • Lai, K. Y., Ling, T. P., Eng, T. K., Cheng, L. S., and Ting, L. F. (2015). Financial Performance of Malaysia Local Banks: During Period of Pre-Merger and Post- Merger. Journal of Economics, Business and Management. 3(9), 826-830.
  • Lang, L. H., Stulz, R., and Walkling, R. A. (1989). Managerial performance, Tobin's Q, and the gains from successful tender offers. Journal of Financial economics. 24(1), 137-154.
  • Liu, B., and Tripe, D. (2003). New Zealand bank mergers and efficiency gains. Journal of Asia-Pacific Business. 4(4), 61-81.
  • Lubna, H. (2011). Rule of law, legal development and economic growth: Perspectives for Pakistan. Journal of Advanced Research in Law and Economics (JARLE)(Vol. 2/3), 48-59.
  • McDougall, F. M., and Round, D. K. (1986). The Determinants and Effects of Corporate Takeovers in Australia, 1970-1981. Australian Institute of Management, Victoria.
  • Niresh, A., and Thirunavukkarasu, V. (2014). Firm size and profitability: A study of listed manufacturing firms in Sri Lanka. International Journal of Business and Management. 9(4).
  • Paternoster, R., Brame, R., Mazerolle, P., and Piquero, A. (1998). Using the correct statistical test for the equality of regression coefficients. Criminology. 36(4), 859- 866.
  • Pillania, R. K., and Kumar, R. (2009). Post-merger corporate performance: an Indian perspective. Management Research News. 32(2), 145-157.
  • Piloff, S. J., and Santomero, A. M. (1998). The value effects of bank mergers and acquisitions: Springer.
  • Punch, K. F. (2013). Introduction to social research: Quantitative and qualitative approaches: Sage.
  • Ramakrishnan, K. (2008). Long-term post-merger performance of firms in India. Vikalpa.33(2), 47-63.
  • Ramakrishnan, S. (2012). Sectoral analysis on capital structure determinants among the Malaysia listed firms: Deakin University.
  • Shah, B. A., and Khan, N. (2017). Impacts of Mergers and Acquisitions on Acquirer Banks' Performance. Australasian Accounting, Business and Finance Journal. 11(3), 30- 54.
  • Shakoor, I. M., Nawaz, M., ZulqarnainAsab, M., and Khan, W. A. (2014). Do Mergers and Acquisitions Vacillate the Banks Performance?(Evidence from Pakistan Banking Sector). Research Journal of Finance and Accounting. 5(6), 123-137.
  • Shar, A. H., ali Shah, M., and Jamali, H. (2010). Performance evaluation of banking sector in Pakistan: An application of Bankometer. International Journal of Business and Management. 5(8), p113.
  • Sharma, C., and Mitra, A. (2015). Corruption, governance and firm performance: Evidence from Indian enterprises. Journal of Policy Modeling. 37(5), 835-851.
  • Song, S.-I., Ali, R., and Pillay, S. (2008). Corporate Takeovers in in Malaysia: The Determinants of Post-Acquistion Values of Acquiring Firms. SSRN Working Paper Series.
  • Sulaiman, L. (2012). Does Restructuring Improve Performance? An Industry Analysis Of Nigerian Oil & Gas Sector. Research Journal of Finance and Accounting. 3(6), 55-62.
  • Tobin, J. (1969). A general equilibrium approach to monetary theory. Journal of Money, Credit and Banking. 1(1), 15-29.
  • Uzhegova, O. (2015). The Relative Importance of Industry-& Country-Specific Factors for Bank Performance in Developed and Emerging Economies. Review of European Studies. 7(7), 365.
  • Vazirani, N. (2015). A Literature Review on Mergers and Acquisitions Waves and Theories. SIES Journal of Management. 11(1).
  • Yuan, Z., Ye, Z., and Ma, J. (2016). The Effect of Different Payment Methods on M&A Performance: An Empirical Analysis Based on the Panel Data of Shanghai And Shenzhen A-Share Market. Paper presented at the SHS Web of Conferences.

Cite this article

APA

    APA : Malik, M. F., Khan, I., & Ilyas, M. (2019). Impact of Mergers and Acquisitions on the Financial Performance of Bidding Banks in Pakistan. Global Social Sciences Review, IV(III), 332-340. https://doi.org/10.31703/gssr.2019(IV-III).43

CHICAGO

    CHICAGO : Malik, Muhammad Faizan, Ihtisham Khan, and Muhammad Ilyas. 2019. "Impact of Mergers and Acquisitions on the Financial Performance of Bidding Banks in Pakistan." Global Social Sciences Review, IV (III): 332-340 doi: 10.31703/gssr.2019(IV-III).43

HARVARD

    HARVARD : MALIK, M. F., KHAN, I. & ILYAS, M. 2019. Impact of Mergers and Acquisitions on the Financial Performance of Bidding Banks in Pakistan. Global Social Sciences Review, IV, 332-340.

MHRA

    MHRA : Malik, Muhammad Faizan, Ihtisham Khan, and Muhammad Ilyas. 2019. "Impact of Mergers and Acquisitions on the Financial Performance of Bidding Banks in Pakistan." Global Social Sciences Review, IV: 332-340

MLA

    MLA : Malik, Muhammad Faizan, Ihtisham Khan, and Muhammad Ilyas. "Impact of Mergers and Acquisitions on the Financial Performance of Bidding Banks in Pakistan." Global Social Sciences Review, IV.III (2019): 332-340 Print.

OXFORD

    OXFORD : Malik, Muhammad Faizan, Khan, Ihtisham, and Ilyas, Muhammad (2019), "Impact of Mergers and Acquisitions on the Financial Performance of Bidding Banks in Pakistan", Global Social Sciences Review, IV (III), 332-340

TURABIAN

    TURABIAN : Malik, Muhammad Faizan, Ihtisham Khan, and Muhammad Ilyas. "Impact of Mergers and Acquisitions on the Financial Performance of Bidding Banks in Pakistan." Global Social Sciences Review IV, no. III (2019): 332-340. https://doi.org/10.31703/gssr.2019(IV-III).43