Molyneux, Phil; Schaeck, Klaus; Zhou, Tim - Bangor Business School, Bangor University - 2011
The recent financial turmoil and bailouts of a large number of banks have raised substantial policy concerns regarding banks that are considered Too-systemically-important-to-fail (TSITF). In this paper, we exploit a sample of bank mergers and acquisitions (M&As) between 1997 and 2008 in nine EU...