GLOBAL COMPANY CRISIS- HOW EFFECTIVE IS THE MERGER SOLUTION IN NIGERIA

Abstract

In recent times, the economic depression in the world has affected many companies as every modern business has keyed into the global business world plan. Globalization of the market as such has led to the Global Company Crisis. The problem climaxed when many big companies went into the state of distress or technical insolvency, and were liquidated. Liquidation did not arrest the Global company crisis till the device of Merger was introduced to sanitize the company distress syndrome. The aim of this paper is to assess the efficiency of the merger mechanisms in general and Nigeria in particular as to whether it has totally insulated companies from the economic recession. It will also consider the implication and challenges of the merger devices. The paper will adopt the doctrinaire and analytical methods. The paper finds that mergers are a viable economic reform device, but has some limitations from insulting the world economy from global company crisis. The paper will make some recommendations that can assist in making mergers more effective economy remedy for Global company crises and the Nigeria situation.

Keywords: Global Company Crisis, Merger Solution, Nigeria


Article Review Status: Published

Pages: 93-109 (Download PDF)

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