This study investigates the effects of mergers and acquisitions (M & A) on the operating performance of the acquirer banks in Pakistan. For this purpose, a sample of 18 transactions, involving acquirer banks, listed on the Karachi Stock Exchange, is used. The Financial Ratio Analysis (FRA) is used to determine the effects of M & A. The significance of change in the operating performances is tested through a paired sample t-test. The results indicate deterioration in the performances of the acquirer banks in the post-merger period.
Shah, Burhan Ali and Khan, Niaz, Impacts of Mergers and Acquisitions on Acquirer Banks’ Performance, Australasian Accounting, Business and Finance Journal, 11(3), 2017, 30-54. doi:10.14453/aabfj.v11i3.4