研究生: |
阮氏芳草 NGUYEN THI PHUONG THAO |
---|---|
論文名稱: |
THE EFFECT OF M&A ON FINANCIAL PERFORMANCE IN VIETNAM BANKING SECTOR THE EFFECT OF M&A ON FINANCIAL PERFORMANCE IN VIETNAM BANKING SECTOR |
指導教授: |
徐中琦
Jonchi Shyu |
口試委員: |
劉邦典
Pang Tien Lieu 郭啟賢 Chii-Shyan Kuo |
學位類別: |
碩士 Master |
系所名稱: |
管理學院 - 企業管理系 Department of Business Administration |
論文出版年: | 2018 |
畢業學年度: | 106 |
語文別: | 英文 |
論文頁數: | 40 |
中文關鍵詞: | Merger and Acquisition 、Malmquist TFP 、Financial performance, 、Paired Sample t-test |
外文關鍵詞: | Merger and Acquisition, Malmquist TFP, Financial performance, Paired Sample t-test |
相關次數: | 點閱:247 下載:0 |
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This study examines the impact of M&A on the financial performance of banks
in Vietnam. The financial data of four banks namely BIDV bank, SACOM bank,
SHB bank and SCB Bank were used in this study. For the analysis of pre and
post-Merger and Acquisition performance, eleven ratios were used in the
study. The selected ratios for indicated bank over a period of six quarters
before (-6,- 5,-4,- 3,-2,- 1) and six quarters after (1, 2, 3, 4, 5, 6) the merger
event had been announced. The Paired sample t-test analysis was used to
compare the significant difference between pre and post-M&A performance.
The overall results show that there are only three ratios witnessed the
significant difference after merger namely Revenues, Total Deposits/ Total
Assets and Total Debts/ Total Deposit. The rest eight out of eleven financial
ratios did not experience any significant difference after merger.
Furthermore, the Malmquist index TFP was used to compare the total factor
productivity between pre and post - M&A. The Malmquist TFP results point
out that M&A did not help improve the total factor productivity thanks to
expanded scale as generally believed among Vietnam Banking sector.
This study examines the impact of M&A on the financial performance of banks
in Vietnam. The financial data of four banks namely BIDV bank, SACOM bank,
SHB bank and SCB Bank were used in this study. For the analysis of pre and
post-Merger and Acquisition performance, eleven ratios were used in the
study. The selected ratios for indicated bank over a period of six quarters
before (-6,- 5,-4,- 3,-2,- 1) and six quarters after (1, 2, 3, 4, 5, 6) the merger
event had been announced. The Paired sample t-test analysis was used to
compare the significant difference between pre and post-M&A performance.
The overall results show that there are only three ratios witnessed the
significant difference after merger namely Revenues, Total Deposits/ Total
Assets and Total Debts/ Total Deposit. The rest eight out of eleven financial
ratios did not experience any significant difference after merger.
Furthermore, the Malmquist index TFP was used to compare the total factor
productivity between pre and post - M&A. The Malmquist TFP results point
out that M&A did not help improve the total factor productivity thanks to
expanded scale as generally believed among Vietnam Banking sector.
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