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Find out in each case of our sampled BFIs, when did the M&A took place and calculate the
average DPS scores for the 5 years before and after the M&A
For example, lets say nibl and ace development bank limited merged in 2017 then the
average DPS pre M&A: will be weighted average DPS of the two companies pre-merger up
to 5 years
and average DPS post M&A: will be weighted average DPS of post-merger of acquiring
company( here NIBL) for the next five years
so now we will get a table consisting of various sampled banks whose average DPS before
and after M&A will be tabulated and their difference in means will also be tabulated.
Alternative hypothesis: mean DPS after M&A – mean DPS before M&A is greater than zero
Null hypothesis : mean DPS after M&A – mean DPS before M&A is less than or
equal to zero.