JOURNAL OF RESEARCH IN SCIENCE AND TECHNOLOGY


Full Length Research Paper


Effects of Mergers and Acquisitions on Employees Morale in the Nigerian Banking Industry: A Study on Access and Diamond Bank Plc

Onyeaghala Obioma Hyginus*, Unung Philip Undie and Iorngee Hyacinth Mngutswen

Article Number - 602A946A18CE9  | Vol. 2(1), pp. 1-10., January 2021  | 
 Received: 17 October 2020 |  Accepted: 18 January 2021  |   Published: 31 January 2021

Copyright © 2024 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0.

Abstract

The study aimed to determine the effects of mergers and acquisitions on employee morale in the Nigerian Banking Industry with reference to Access-Diamond Plc. The major element in the failure or success of a merged/acquired firm is morale. It shows the attitudes of employees towards the firm’s objectives. Mergers/Acquisition was measured in terms of; work environment, organizational culture and leadership. Morale was measured in terms of; personal satisfaction, appreciation and social status. The study adopted a descriptive design which led to drafting and administration of a validated and reliably tested questionnaire. The sample size of 51 was arrived at from a population of 58 Access Bank staff in Gboko using Taro Yamane formula. A laudable number of 48 copies of administered questionnaire out of 51 were retrieved from respondents. The data collected was subjected to Linear Regression Analysis aided by Statistical Package for Social Sciences (SPSS v. 23.0). The study found that, two dimensions of mergers and acquisition; work environment and organizational culture had great effect on personal satisfaction and employee appreciation respectively. The other dimension; leadership, had no relationship with employee morale viz social status of the employee. The study recommended that; conducive work environment should be provided for employees, and managers should positively reinforce their employees by appreciating them as it boosts their morale while management should take cognizance of the employee’s morale when embarking on a merger/acquisition.

 

Keywords: Mergers, Acquisition, Employee morale, Work environment, Organizational culture, Leadership.

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Authors

Onyeaghala Obioma Hyginus1*, Unung Philip Undie1 and Iorngee Hyacinth Mngutswen1


1Department of Business Administration, Federal University Wukari, Nigeria.

*Corresponding author Email: [email protected]


How to Cite this Article

Onyeaghala, O. H., Unung, P. U. & Iorngee, H. M. (2021). Effects of Mergers and Acquisitions on Employees Morale in the Nigerian Banking Industry: A Study on Access and Diamond Bank Plc. Journal of Research in Science and Technology, 2(1): 1-10.

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Abbreviation: J. Res. Sci. Technol.
ISSN: 2971-7728 (Online)
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Start Year: 2020
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