Narrow search
Showing 1 - 10 of 962
Cover Image
Organisational Structure as a Driver of Mergers and Acquisitions in the European Banking Sector
Lebastard, Laura - 2022
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
Cover Image
The Economic Impact of Merger Control : What is Special about Banking?
Carletti, Elena; Hartmann, Philipp; Ongena, Steven - 2021
-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 … institutional setup for supervisory bank merger reviews. Thus strengthening competition policy in banking may generate positive …
Persistent link: https://www.econbiz.de/10013316912
Cover Image
Cross-Border Mergers and acquisitions: Financial and institutional forces
Coeurdacier, Nicolas; De Santis, Roberto A.; Aviat, Antonin - 2009
Cross-border mergers and acquisitions (M&As) sharply increased over the last two decades. It is often pointed out that cross-border capital reallocation is partly the result of financial liberalization policies, government policies and regional agreements. In this paper, we identify some of the...
Persistent link: https://www.econbiz.de/10011605064
Cover Image
The economic impact of merger control: what is special about banking?
Carletti, Elena; Hartmann, Philipp; Ongena, Steven - 2007
-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 … institutional setup for supervisory bank merger reviews. Thus strengthening competition policy in banking may generate positive …
Persistent link: https://www.econbiz.de/10011604832
Cover Image
Creditor protection, judicial enforcement and credit access
Ferrando, Annalisa; Maresch, Daniela; Moro, Andrea - 2015
We investigate the role of the judicial system on whether or not the firms obtain the credit they applied for, by looking at the strength of the creditor protection, the strength of property rights, the time for resolving a dispute, its costs and the number of procedures the plaintiff faces. We...
Persistent link: https://www.econbiz.de/10011605874
Cover Image
Competition and stability: what's special about banking?
Carletti, Elena; Hartmann, Philipp - 2002
, showing the predominance of merger review considerations for loan and deposit markets as well as the relevance of cartel …
Persistent link: https://www.econbiz.de/10011604192
Cover Image
Pricing payment cards
Bedre-Defolie, Özlem; Calvano, Emilio - 2009
In a payment card association such as Visa, each time a consumer pays by card, the bank of the merchant (acquirer) pays an interchange fee (IF) to the bank of the cardholder (issuer) to carry out the transaction. This paper studies the determinants of socially and privately optimal IFs in a card...
Persistent link: https://www.econbiz.de/10011605185
Cover Image
Pricing Payment Cards
Bedre-Defolie, Özlem - 2012
Payment card networks, such as Visa, require merchants' banks to pay substantial quot;interchangequot; fees to cardholders' banks, on a per transaction basis. This paper shows that a network's profit-maximizing fee induces an inefficient price structure, over-subsidizing card usage and...
Persistent link: https://www.econbiz.de/10012755032
Cover Image
Growth Strategies and Value Creation : What Works Best for Stock Exchanges?
Hasan, Iftekhar - 2010
protection, accounting standards and capital market development in the partner exchange's country, the higher the merger and …
Persistent link: https://www.econbiz.de/10013143336
Cover Image
Structural Reforms and Macroeconomic Performance in the Euro Area Countries : A Model-Based Assessment
Gomes, Sandra - 2011
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...
Persistent link: https://www.econbiz.de/10013127922