IMPACT OF MERGER AND ACQUISITION ON THE PERFOMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Category : JOURNAL OF BUSINESS AND ORGANIZATIONAL DEVELOPMENT, volume 12, number 1, 2020

Osifalujo, Babatunde Bunmi & Olufemi,O Omotilewa

Department of Accountancy

Moshood Abiola Polytechnic, Abeokuta Ogun State

Email: osifalujobabatunde@gmail.com

ABSTRACT

Low capital base, insolvency, and business distress among other factors have contributed to recent failure of banks in Nigeria. Banks all over the world now adopt mergers and acquisitions as a strategy to improve their performance. This study examined the impact of mergers and acquisition on the performance deposit money bank in Nigeria. The research used capital structure, asset profile, total deposit and profit after tax of the selected bank to measure the performance and effect of merger and acquisition of the bank in both pre and post-merger and acquisition period. Data were collected from the published financial statements of the bank namely former Intercontinental Bank Plc and Access Bank (now Access Bank Plc) from 2005 to 2017 and the model was formulated using ordinary least square method. It was revealed that for both the pre-merger and post-merger periods, it was revealed that the access bank performed better. In the post – merger and acquisition period as asset profile and total deposit has no significant effect on the profit after tax of access bank in Nigeria, while capital structure has a significant effect on profit after tax of access bank plc.  While in the pre-merger and acquisition capital structure, asset profile and total deposit have no significant impact on profit after tax of access bank plc. The study concludes that mergers and acquisitions have a significant impact on the performance of deposit money bank in Nigeria. Therefore, the study recommended that banks can merge or acquire each other , as this has proved to become a strategy for rescuing ailing or weak ones and could provides a platform that would enhance financial performance

Keywords: Merger, Acquisition, Financial Performance, Deposit Money Banks.

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EXPERIMENTAL STUDY OF THE EFFECT OF DETERGENT CHARACTERISTICS VARIATION ON USERS’BRAND LOYALTY AMONG UNDERGRADUATE STUDENTS OF THE UNIVERSITIES IN MAKURDI METROPOLIS

Category : JOURNAL OF BUSINESS AND ORGANIZATIONAL DEVELOPMENT, volume 12, number 1, 2020

1Kwahar Nguwasen & 2Onov Phillip

1Department of Business Administration, Federal University of Agriculture, Makurdi

2Department of Economics, Benue State University, Makurdi

E-mail: ngu.kwahar@gmail.com

ABSTRACT

The study was conducted on the analysis of the effect of detergent characteristics variations on brand users’ loyalty among undergraduate students of the Universities in Makurdi metropolis of Benue State. The aim was to analyze detergent characteristics variations combination that will achieve the best users’ brand loyalty in the study area. The 3x3x3 factorial experimental design was used for the study. This involves three independent variables each varied in three dimensions. The population of the study comprised all users of detergents among undergraduate students of the Universities in Makurdi metropolis of Benue State. These Universities are the Federal University of Agriculture Makurdi and Benue State University Makurdi. The sample of 270 was selected from the target population: 135 students from Federal University of Agriculture Makurdi and 135 students from Benue State University Makurdi. An 18-item self-developed instrument: “Detergent Users Loyalty Inventory” (DULI) was used for data collection. Three-way Analysis of Co-variance (ANCOVA) was used to test the Hypotheses by comparing the effect of the differences in product characteristics variation on brand loyalty. Pre-manipulation scale scores were used for pre-test or as covariate. In particular, the independent measures (between-groups) ANCOVA was used since the study dealt with different subjects under different conditions. The main and interactional effects in ANCOVA result were all significant; the study therefore went further to make use of Fisher’s Least Significant Difference (LSD) to locate the mean differences and sizes. The study found that the overall best brand loyalty level can be achieved only when there is a simultaneous increase in price, size and quality (Mean =178.01). Similarly, other economically optimal brand loyalty levels can be achieved at maintained size, price decrease and quality increase (Mean=177.80) and maintained size, maintained quality and price decrease (Mean =177.30). It was however observed that consumers of detergents in Makurdi metropolis of Benue State responses were in line with the tradition of maximum utility at lowest cost which though good for the rational users, is detrimental to the sustainability of the business.  Detergent Users want both quality and size increase as prerequisite for price increase. This though quite plausible to detergent users, can only be achieved at a loss to the producers. To solve market disequilibrium problems, the study recommended mutual benefits to both the producers and users of detergent. Thus, in view of precarious economic conditions, producers should increase the quality of detergents and the decrease size as prerequisite for price increase(Mean=90.81).This, though with low loyalty level vis-à-vis the best loyalty levels, will be mutually beneficial as it will attract a significant level of loyalty from the detergent users and at the same time, provide a window for producers to achieve high level of profitability.

KEY WORDS: Product Characteristics, Product Characteristics Variation, Brand Loyalty, Detergents Users, Makurdi Metropolis.

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IMPACT OF BUDGETARY CONTROL ON BUSINESS ENTERPRISE PERFORMANCE OF HOTELS/GUEST HOUSES IN BIDA METROPOLIS

Category : JOURNAL OF BUSINESS AND ORGANIZATIONAL DEVELOPMENT, volume 12, number 1, 2020

Ibrahim Abubakar Mikugi

Department of Business Administration and Management

The Federal Polytechnic, P.M.B 55, Bida, Niger State

Email: tatafoundation@hotmail.com

ABSTRACT

Most business organizations have fold-up due to lack of liquidity. One of the major means of ensuring liquidity in an organization is to ensure that organizations carry out its activity to ensure that it achieve a level of profitability that will guarantee the continuity of the organization. Hence, the topic: Impact of budgetary control on business enterprises performance of Hotels/Guest Houses in Bida Metropolis. The focus of the investigation is to show why some business organizations fail in their profit objectives and to explain how effective budgetary control has is used to enhance the performance of business organizations. The objective of the research is to examine the impact of budgetary control as instrument for accountability on enterprises net profit margin of business performance, to examine the impact of human factor as managerial commitment and employee’s attitude towards budgetary control enterprises return on investment. The methodology employed by this study include structured questionnaire, primary and secondary data, extensive literature review, stratified sampling method, chi-square and SPSS analytical method. A structured question method was used to elicit information from 140 respondents who were selected from different hotels and guest houses in Bida Metropolis using stratified sampling method. The study revealed that effective budgetary control has a strong and positive impact on the performance of every business organization. Recommendations were made on how budgetary controls as a tool could be used to ensure that performance of business organizations are achieved. One of the major recommendations is that the managers of businesses should put in place instrument that will help to improve the accountability of the employee in the organization such as better understanding of budgetary system and cordial relationship between the employee and the management.

Key Words: budget, budgetary control, business enterprise, profit planning, performance

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STRATEGIC PLANNING AND BUSINESS PERFORMANCE: PERSPECTIVE OF ENTREPRENEURS IN IKOTUN – IGANDO LOCAL COMMUNITY DEVELOPMENT AREA OF LAGOS STATE

Category : JOURNAL OF BUSINESS AND ORGANIZATIONAL DEVELOPMENT, volume 12, number 1, 2020

Yinus Oluwaseun; Ojelade Mathew& Jimoh Charles

Department of Management and Accounting

Ladoke Akintola University of Technology, Ogbomoso, Oyo State, Nigeria.

E-mail: yinusoluwaseun003@gmail.com

ABSTRACT

This study examined the effect of strategic planning on business performance through perspective of entrepreneurs in Ikotun – Igando local community Development Area of Lagos state, Nigeria. The population of study is the aggregate of all registered entrepreneurs who are active Small Business operators in Ikotun – Igando LCDA. A proportionate stratified random sampling technique was adopted. Primary data were employed through distribution of forty (40) copies of Questionnaire to selected entrepreneurs. Data collected were analysed using descriptive statistical tool like Table, Percentage, while the formulated Hypothesis were tested through Inferential Analysis like Chi-Square. The result of tested hypothesis indicate that that strategic planning is positively related to Business performance with ( X2cal = 25 ;  X2 tab = 9.49 ; P<0.05),  ). The findings buttress the need for business owners and entrepreneurs to embrace strategic planning in order to gain competitive advantage and to ensure survival in the competitive market. Based on the finding it was recommended that Entrepreneurs should strategically plan in-order for them to derive the benefits brought about by both strategic planning and entrepreneurial activities. Also, encouragement of Entrepreneurs through adequate finance Scheme should be as a matter of importance to government in Lagos state. 

Keywords: Strategic Planning; Entrepreneurs; Business performance; Strategic Decision-making; Entrepreneurial Development

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