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to an executive board is an outsider (an individual without previous employment at the bank) compared to being an insider …
Persistent link: https://www.econbiz.de/10010954916
financial institutions. First, we establish that age, gender, and education jointly affect the variability of bank performance …
Persistent link: https://www.econbiz.de/10010957149
problems involved. In this study, we analyze the effect of German bank mergers in the period 1995-2000 on banks' profitability …
Persistent link: https://www.econbiz.de/10005082764
German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous … matter of debate. In this paper we suggest a taxonomy as how to evaluate post-merger performance on the basis of cost … CE levels above the average of non-merging banks. Second, banks must exhibit CE changes between merger and evaluation …
Persistent link: https://www.econbiz.de/10005082779
different banks as being best or worst performers. Our main conclusion is that efficiency studies in general and bank efficiency …
Persistent link: https://www.econbiz.de/10005082784
The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we … employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the …
Persistent link: https://www.econbiz.de/10005082798
Technological change is often hypothesized as one of the main drivers of merger activities. This paper analyzes the … structural model to investigate technology-related motivations behind merger formation. Distinguishing between cross-border and …
Persistent link: https://www.econbiz.de/10005083057
financial institutions. First, we establish that age, gender, and education jointly affect the variability of bank performance …
Persistent link: https://www.econbiz.de/10010535440
In recent years, a number of papers have established a new empirical regularity. Stocks of distressed firms vastly underperform those of financially healthy firms. It is not necessary to attribute the negative excess returns of distressed firms to inefficient or irrational markets. We show that...
Persistent link: https://www.econbiz.de/10005059016
As, in Europe, many institutional reforms have been undertaken to establish an economic union, it can be expected that the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the market for corporate control - an illustrative market for...
Persistent link: https://www.econbiz.de/10008611435