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Theory predicts that "common ownership" (ownership of rivals by a common shareholder) can be anticompetitive because it reduces the weight firms place on their own profits and shifts weight toward rival firms held by common shareholders. In this paper we use accounting data from the banking...
Persistent link: https://www.econbiz.de/10012016338
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … generally pass on at least part of their efficiency gains to their clients. Like most other model-based measures, this approach … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …
Persistent link: https://www.econbiz.de/10011604814
-oriented regime for merger control increases banks’ stock prices, whereas it decreases those of non-financial firms. Moreover, bank … merger targets become more profitable and larger. A major determinant of the positive bank returns, after controlling inter … alia for the general quality of institutions and individual bank characteristics, is the opaqueness that characterizes the …
Persistent link: https://www.econbiz.de/10011604832
-oriented regime for merger control increases banks' stock prices, whereas it decreases those of non-financial firms. Moreover, bank … merger targets become more profitable and larger. A major determinant of the positive bank returns, after controlling inter … alia for the general quality of institutions and individual bank characteristics, is the opaqueness that characterizes the …
Persistent link: https://www.econbiz.de/10013316912
approach is able to measure competition of bank market segments, such as the loan market, whereas many well - known measures of … generally pass on at least part of their efficiency gains to their clients. Like most other model - based measures, this … approach ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure …
Persistent link: https://www.econbiz.de/10013317045
-merger financial performance. We find that, on average, bank mergers in the European Union resulted in improved return on capital. By …
Persistent link: https://www.econbiz.de/10011604444
This paper analyzes the effects of bank mergers on bank firm relationships. Using matched bank-firm level data, I find … positive effects of mergers for borrowers that continue the lending relationship with the consolidated bank. On average …
Persistent link: https://www.econbiz.de/10011604980
financial institutions. First, we establish that age, gender, and education jointly affect the variability of bank performance …
Persistent link: https://www.econbiz.de/10012988770
We examine the effect of the social networks of bank directors on board gender diversity and compensation using a … are significant differences in the size and gender composition of social networks of male vs female bank directors. We … also find that samegender networks play an important role in determining the gender composition of bank boards. Finally, we …
Persistent link: https://www.econbiz.de/10013231946
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/10013405075