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The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has … problems involved. In this study, we analyze the effect of German bank mergers in the period 1995-2000 on banks' profitability … and cost efficiency. We suggest a new matching strategy to control for the selection effects arising from the fact that …
Persistent link: https://www.econbiz.de/10012989277
, we find that the operating efficiency of the acquirers decreases around the acquisition, and up to three years after …-price return is not significantly associated with acquirer’s operating efficiency post-acquisition. Therefore, investors should be … merger efficiency gains. …
Persistent link: https://www.econbiz.de/10012888263
This chapter discusses the FTC's court challenge, in 2001, to the proposed merger of two baby food producers, Heinz and Beech-Nut. The chapter describes the economic issues at stake in the litigation, with a particular focus on the possibility that efficiencies could justify a merger in an...
Persistent link: https://www.econbiz.de/10012947111
transition from a centrally planned to a market economy. This paper examines a key feature of this transition – the privatization … primary data from a variety of sources, we study how privatization of listed SOEs affects employment, wages, profits and other … aspects of economic performance at the firm level. Our major finding is that privatization results in substantial downsizing …
Persistent link: https://www.econbiz.de/10014126818
. Profitability and efficiency decline in the five years after privatization. Sales grow, capital investment improves, and debt levels … fall after privatization. We argue that the privatizations have been unsuccessful (in terms of profitability and efficiency … as a spur to improve profitability, efficiency, investment, and growth. In contrast to the operating and financial …
Persistent link: https://www.econbiz.de/10014106570
aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why …The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …
Persistent link: https://www.econbiz.de/10009748284
This paper investigated the structure of the market, efficiency and performance (profitability) of the general … Herfindahl Hirschman Index and the concentration ratio to measure the SCP in addition to computing efficiency as a measure for …
Persistent link: https://www.econbiz.de/10013460036
' current income (dividends) is moderated by technical efficiency (te) and profitability. The study employs econometrics on … profitability, efficiency, and dividend distribution choices to ascertain whether the companies' operating effectiveness and … accountability in decisions about dividend distribution, regardless of efficiency and profitability. The study's originality is in …
Persistent link: https://www.econbiz.de/10014485338
Persistent link: https://www.econbiz.de/10012610742
Persistent link: https://www.econbiz.de/10012614847