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- Title
Post-Merger Integration Capability and Shareholder Value Added.
- Authors
Apreku-Djan, Paul Kwasi; Ricky-Okine, Charles; Kuma, Francis Kwaku; Apreku, Isaac Kofi Oppong; Gyamera, Emmanuel
- Abstract
The study investigates the impact of a post-merger integration capability (hereinafter PMIC) on shareholder value added (hereinafter SVA) of acquirer banks listed on the Ghana Stock Exchange (hereinafter GSE). The study used panel data techniques of random effects, fixed effects estimation and generalised method of moments (GMM) to purge time-invariant unobserved firm specific effects and to mitigate potential endogeneity problems. The study indicated that PMIC (proxied by strategic, communication, coordination and network, marketing, technology, knowledge management, human capital, intellectual capital, managerial and information technology capabilities) have positive and significant influence on SVA (proxied by Economic Value Added, Market Value Added and Cash Value Added). The results further show that bank size, bank age, bank growth and leverage moderate the relationship between PMIC and SVA. The study recommends that banks analyse their organisational capabilities and firm size prior to any business expansion decision (organic or inorganic).
- Subjects
GHANA; BANK mergers; STOCKHOLDER wealth; VALUE added (Marketing); INFORMATION technology; INTELLECTUAL capital; VALUE (Economics)
- Publication
International Journal of Business, 2024, Vol 29, Issue 1, p36
- ISSN
1083-4346
- Publication type
Article
- DOI
10.55802/IJB.029(1).003