Fortune Favors the Bold: Evidence from an Emerging Market Bank Merger

Authors

  • Dulani Jayasuriya Daluwathumullagamage University of Auckland

DOI:

https://doi.org/10.33423/jabe.v22i1.2721

Keywords:

Business, Economics, mergers, acquisitions, synergies, cultural integration, Banking, Philippine Banking sector, Philippines

Abstract

This study analyses one of the largest and controversial mergers from the Philippine Banking sector and links it to M&A theories: Firstly, this study survey prior M&A literature to identify merger motivations, synergies and factors affecting merger outcomes. Secondly, this study conducts a case study to link prior literature to a merger in an emerging economy. This merger provides an ideal setting for a case study, subsequent links to M&A theories and generalizable lessons for future bank mergers in emerging markets. Furthermore, this study identifies key factors and steps taken by the acquiring bank management to obtain success such as doubling net income, assets and becoming the number one bank in Philippines post-merger.

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Published

2020-03-24

How to Cite

Daluwathumullagamage, D. J. (2020). Fortune Favors the Bold: Evidence from an Emerging Market Bank Merger. Journal of Applied Business and Economics, 22(1). https://doi.org/10.33423/jabe.v22i1.2721

Issue

Section

Articles