| dc.description.abstract | This paper explores the effect of M&As on performance of Vietnamese commercial banks during 2009-2018 based on accounting based performance: ROA and operational efficiency. Results show that M&As have a significant impact on ROA and operational efficiency. In addition, income ratio, Non-performing loan, bank size, loan to deposit ratio except CAR also have a significant relationship on ROA and operational efficiency. Furthermore, the paper applied pair t-test to measure the significant difference between pre and post-merger financial performance. Results showed a statistically the mean difference in profitability indicator, capital adequacy indicator and operating efficiency between pre and post-merger values in three years. However, there are insignificant difference between pre and post M&As in CAR and Income Ratio.
The data included 22 Vietnamese commercial banks engaged in M&A activities with 16 M&A transactions, foreign banks are excluded in this test.
Key words: Merger and acquisitions, banks, performance effect, accounting based measure | en_US |
