Organizational Culture, Government Regulations and Corporate Competitveness of Merged Deposit Money Banks in Nigeria

1
Akhamiokhor, S
Akhamiokhor, S
2
Akhamiokhor
Akhamiokhor
4
Asikhia
Asikhia
5
O. U
O. U
6
Kabuoh
Kabuoh
7
M. N
M. N
8
Makinde
Makinde
1 Babcock University

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The Nigerian banking sector is germane to the growth of the nation’s economy and several reforms over the years have orchestrated merger and acquisition. The marriage of convenience occasioned by the banking consolidation exercise of 2005 by the Central Bank of Nigeria (CBN) led to dilution of ownership and fusing together banks with different goals, objectives and ideology. These have led to rebranding, cultural disharmony, and uncompetitive behaviours which were considered not suitable for the new direction. Cross-sectional research design was adopted and primary data collated. The research instrument was validated and reliability was carried out using the Cronbach alpha analysis. A sample size of four hundred and seventy three (473) was determined using Roasoft sample size calculator. The result revealed that organizational culture significantly affected the corporate competitiveness of the surveyed banks. The study variables organizational culture (B =0.929, R2 = 0.619, p < 0.05, F(1,455) = 738.509), government regulations (B =0.710, R2 = 0.691, p < 0.05, F(1,454) = 106.413).

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Akhamiokhor, S. 2019. \u201cOrganizational Culture, Government Regulations and Corporate Competitveness of Merged Deposit Money Banks in Nigeria\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 19 (GJMBR Volume 19 Issue A4): .

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GJMBR Volume 19 Issue A4
Pg. 37- 45
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-A Classification: JEL Code: M10
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May 3, 2019

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English

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The Nigerian banking sector is germane to the growth of the nation’s economy and several reforms over the years have orchestrated merger and acquisition. The marriage of convenience occasioned by the banking consolidation exercise of 2005 by the Central Bank of Nigeria (CBN) led to dilution of ownership and fusing together banks with different goals, objectives and ideology. These have led to rebranding, cultural disharmony, and uncompetitive behaviours which were considered not suitable for the new direction. Cross-sectional research design was adopted and primary data collated. The research instrument was validated and reliability was carried out using the Cronbach alpha analysis. A sample size of four hundred and seventy three (473) was determined using Roasoft sample size calculator. The result revealed that organizational culture significantly affected the corporate competitiveness of the surveyed banks. The study variables organizational culture (B =0.929, R2 = 0.619, p < 0.05, F(1,455) = 738.509), government regulations (B =0.710, R2 = 0.691, p < 0.05, F(1,454) = 106.413).

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Organizational Culture, Government Regulations and Corporate Competitveness of Merged Deposit Money Banks in Nigeria

Akhamiokhor
Akhamiokhor
S
S
Asikhia
Asikhia
O. U
O. U
Kabuoh
Kabuoh
M. N
M. N
Makinde
Makinde
B
B

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