IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 10 NO. 3 2024
DOI: https://doi.org/10.56201/ijssmr.v10.no3.2024.pg298.315

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Effects of Acquisition on Profitability of Selected Manufacturing Firms in South-East, Nigeria

Mary Victor Asuquo, Mary Victor Asuquo

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Abstract

Firms acquire each other with the objectives of improving various operational outcomes. The study investigated the relationship between acquisition and profitability of selected beverage firms in South-East, Nigeria. The purposive sampling method was adopted to draw a sample size of 398 from a population of 531. The findings indicates that acquisition has a significant positive correlation with profitability of selected manufacturing firms South-East, Nigeria. It was recommended that organizations should always embrace acquisition so as to enhance their profitability. The researchers concluded that acquisition improved the profitability of business organizations and boosted both earnings per share and price-earnings ratio while enhancing return on equity and profit after tax.

Acquisition, Business, Profitability, Earning, Asset, Tax.

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References:

Ahmed. M.. & Ahmed. Z. (2014). Mergers and Acquisitions: Effect on Financial Performance
of Manufacturing Companies of Pakistan. Middle-East Journal of Scientific Research,
21(4), 689–699.

Campello, M. M. (2018). The rise of the equity lending market: implications for corporate
policies. 5(2), 110-213.

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