Corporate mergers and acquisition has become a highly popular strategy in recent years. Thus, much attention has been focused on its outcomes. It has served as a substitute for innovation, a greater means of diversification. The banking sector is often referred to as an engine growth of the economy. The intermediation role which the sector plays in national development cannot be overemphasized. Thus, given the recent consolidation exercise in the Nigerian banking sector, we explored the impact of mergers and acquisition on managerial commitment in this paper. We adopted the descriptive survey method and primary data were obtained using oral interview and questionnaire. The population of this study comprised all consolidated banks in Nigeria and the total sample size for this study was 384 respondents from commercial banks in South East Nigeria. The Chi-square (X2) non-parametric statistic was used to test the hypotheses. The results revealed that mergers and acquisitions have significant positive effect on managerial role and commitment of managers of commercial banks in Nigerias South East Region. We, therefore, recommend that incentive measures such as improved pay and good working environment should be promoted in commercial banks during mergers and acquisitions as these will further enhance managerial commitment.
Many scholars from the developing world argue that globalization is a weapon of imperialism used to perpetuate the income and welfare gap between developing and developed countries. This study joins an emerging stream of studies calling for a holistic re-examination of the impact of globalization on developing countries to understand both the positive and negative contributions instead of have a one-sided view of globalization. Employing a quantitative design with a survey strategy, data for this study was collected from 130 human resources personnel across six multinational firms spanning: oil, banking, and manufacturing sectors of the Nigerian economy. Inferential analysis of collected data found significant positive contributions of globalization towards personnel training and development. In particular, findings show that globalization has increased the frequency and methods of trainings, increased use of e-trainings and certifications, and uniform design of training programmes across the subsidiaries of MNCs globally. All these were found to reduce the physical incidence of personnel going abroad to study reducing both brain-drain and expenses to domestic companies and governments.
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