Hypotheses | Ratio | Significant level/Result | Explanation |

Mergers and Acquisitions have a positive influence on the liquidity of commercial banks | Current Ratio | 0.479 REJECTED | The P-value is 0.479, which is above the significant level of 0.05. This illustrates mergers & acquisitions have no positive influence on the liquidity of a commercial bank |

Quick Ratio | 0.475 REJECTED | The P-value is 0.475, which is above the significant level of 0.05. This illustrates mergers & acquisitions have no positive influence on the liquidity of a commercial bank | |

Cash Ratio | 0.298 REJECTED | The P-value is 0.298, which is above the significant level of 0.05. This illustrates mergers & acquisitions have no positive influence on the liquidity of a commercial bank | |

Loan to Deposits Ratio | 0.014 ACCEPTED | The P-value is 0.014, which is below the significant level of 0.05. This illustrates mergers & acquisitions have a positive influence on the liquidity of a commercial bank | |

Mergers and Acquisitions have a positive influence on the leverage of commercial banks | Debt to Asset Ratio | 0.04 ACCEPTED | The P-value is 0.04, which is below the significant level of 0.05. This illustrates mergers & acquisitions have a positive influence on the leverage of a commercial bank |

Post-Return on Equity | 0.977 REJECTED | The P-value is 0.977, which is above the significant level of 0.05. This illustrates mergers & acquisitions have no positive influence on the leverage of a commercial bank | |

Mergers and Acquisitions have a positive influence on the profitability of commercial banks | Net Profit Margin & Net Profit Margin | 0.130 REJECTED | The P-value is 0.13, which is above the significant level of 0.05. This illustrates mergers & acquisitions have no positive influence on the profitability of a commercial bank |

Return on Assets & Return on Assets | 0.205 REJECTED | The P-value is 0.205, which is above the significant level of 0.05. This illustrates mergers & acquisitions have no positive influence on the profitability of a commercial bank | |

Return on Equity & Return on Equity | 0.100 REJECTED | The P-value is 0.10, which is above the significant level of 0.05. This illustrates mergers & acquisitions have no positive influence on the profitability of a commercial bank |