Business Combination and Corporate Performance: Evidence from the Nigerian Manufacturing Sector

Abstract

It is of relevance to investigate the impact of business combination on the performance of combined businesses in Nigeria and see how the result correlates or differs from similar studies abroad. This of course, constitutes the principal objective of this research. The rest of the study is organized into four sections. First is the theoretical background and review of related literature. This is closely followed by hypothesis and research methodology, and empirical results in section IV. The summary of findings, policy implications and conclusion are contained in section V . The study concluded while it is important for businesses to combine , it must be done within a given level of legal framework to avoid the problem of corporate giants with tendencies to pose monopolistic threat. Thus , the government should provide detailed guidelines on business combinations and the relevant monitoring agencies (CBN, SEC,and SE e.t.c) must ensure strict compliance with due diligence in the pursuit of business combination