Showing 1 - 10 of 21
loans by size of borrower with a detailed geographical partition. We find that mergers are followed by a temporary reduction …
Persistent link: https://www.econbiz.de/10005111563
The general conclusion of the empirical literature is that in-market consolidation generates adverse price changes, harming consumers. Previous studies, however, look only at the short-run pricing impact of consolidation, ignoring all effects that take longer to materialize. Using a database...
Persistent link: https://www.econbiz.de/10005113523
mergers yield economies of scope or gains in managerial efficiency. …
Persistent link: https://www.econbiz.de/10005770770
of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries. …
Persistent link: https://www.econbiz.de/10005486704
The paper analyzes the evolution of competitive conditions in the Italian banking industry using firm-level balance sheet data for the period 1983-1997. Regulatory reform, large-scale consolidation, and competitive pressure from other European countries have changed substantially the banking...
Persistent link: https://www.econbiz.de/10005640908
We examine the informational effects of M&As by investigating whether bank mergers improve banks� ability to screen … imperfectly, we find evidence of these informational improvements. Mergers lead to a closer correspondence between interest rates …
Persistent link: https://www.econbiz.de/10005770757
We analyse the wide array of rescue programmes adopted in several countries, following Lehman Brothers� default in September 2008, in order to support banks and other financial institutions. We first provide an overview of the programmes, comparing their characteristics, magnitudes and...
Persistent link: https://www.econbiz.de/10004964392
of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries. By … considering both acquisitions (i.e. the purchase of the majority of voting shares) and mergers we evidence the motives and results … of each type of deal. Mergers seek to improve income from services, but the increase is offset by higher staff costs …
Persistent link: https://www.econbiz.de/10005113557
This paper analyzes the effects of the financial crisis on credit supply by using highly detailed data on bank-firm relationships in Italy after Lehman’s collapse. We control for firms’ unobservable characteristics, such as credit demand and borrowers’ risk, by exploiting multiple lending....
Persistent link: https://www.econbiz.de/10008509918
investigate the full effect of bank mergers on the availability of credit for corporate borrowers by examining a large sample of … privately owned firms. We analyze the impact of bank mergers and acquisitions over time on the volume of credit and credit lines … banking consolidation affects the investment-cash flow sensitivity of firms. We examine in detail the effects of bank mergers …
Persistent link: https://www.econbiz.de/10005609374