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This paper studies the bilateral drivers of mergers and acquisitions (M&As) between European banks. Two findings document that banks use M&A as a device to leverage their expertise rather than to diversify. (i) Following the literature on matrimonial matching by using a binary logit model, the...
Persistent link: https://www.econbiz.de/10013265942
-performing loans, the reduction of banks operating in Greece due to mergers and acquisitions, bank bankruptcy and withdrawal of foreign … of banks operating in Greece led to the closing of bank branches and dismissal of employees. Nevertheless, some …The Greek banking market developed considerably after the accession of Greece to the Eurozone, which was reflected on …
Persistent link: https://www.econbiz.de/10012153561
This study examines the response of Greek bank stock prices to the announcement of intended mergers and acquisitions (M …
Persistent link: https://www.econbiz.de/10013404683
with average efficiency and profitability, and that these indicators did not change significantly post-takeover. By …We investigate the impact of cross-border takeovers on target banks' profitability, efficiency, and market share in … increasing their market share rather than exporting their efficiency …
Persistent link: https://www.econbiz.de/10013119990
goal of this paper is to investigate the change in operating performance, efficiency, and value addition of US bank mergers … examine the factors that have significant impact on changes in bank performance. Our empirical results lead to the conclusion … that the industry-adjusted operating performance of merged banks increases significantly after a merger. This finding is …
Persistent link: https://www.econbiz.de/10012964750
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
German banks experienced a merger wave throughout the 1990s. However …
Persistent link: https://www.econbiz.de/10012989318
This paper investigates the size-efficiency relation of European cooperative banks during the 2006-2015 period. We … cooperative banks from 12 European countries. This work extends the existing literature by focusing on shape of size-efficiency … European cooperative banks are significantly more cost efficient than their bigger peers and that the size-efficiency relation …
Persistent link: https://www.econbiz.de/10011901962
function with a timevariable stochastic efficiency term we show that positive scale and scope effects from a merger arise only … efficiency as the acquiring firms. For the post-merger phase, our empirical results provide no evidence for efficiency gains from … taken over by others are less efficient than the average bank in the same size class, but exhibit on average the same …
Persistent link: https://www.econbiz.de/10009781750
This study investigates the efficiency effect of bank mergers in Vietnam between 2007 and 2011. The findings suggest … that the exclusion of off-balance sheet activities from output specification underestimates the technical efficiency of … banks and reduces the number of possible combinations of mergers. Thereafter, 59 possible bank mergers (PBMs) out of 136 are …
Persistent link: https://www.econbiz.de/10012904064