Merger, Acquisition and Employees’ Work Attitude After Bank Reform in Nigeria

Abstract

<p><em>The increasing wave of merger and acquisition in organizations are global experiences and especially in Nigeria since significant banking reforms of 2005, which has created challenges over the years to policy makers, management practitioners, organizational researchers and consultants over the failure of the survival of most of these corporate marriages at post-merger and acquisition. This study examined the differential effects of the feelings and beliefs of retained employees on conditions of merger and acquisition caused by changes of reforms with the view to investigate their effects on work attitude. Using organizational commitment scale (OCS) and job satisfaction scale (JSS) , 280 participants with 140 each on conditions of merger and acquisition were assessed. There were 151 males and 129 females of the age ranged between 25 to 51 years, represented across the banks and selected by means of purposive sampling. A hypothesis was examined at .05 significant levels using the t-test. Result of the prediction that more significant effects in acquired than merged banks on employees’ reactions on measures of work attitude after bank reforms was significant, t (278) = 3.939, p &lt; .05. The result of the study suggests that merger and acquisition are differential effects of separates qualities of marriage with different resultant effects. The implication reveals that there is more positive work attitude in merged than acquired banks.</em></p>