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Persistent link: https://www.econbiz.de/10001670916
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/10003831845
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/10013265942
Persistent link: https://www.econbiz.de/10010382061
This paper studies for the first time the links between interbank liability and equity markets (financial exposure), and mergers and acquisitions (M&As) in the European banking sector, both at the micro and macro level. Using a binary logit model, the paper first examines - at the micro level -...
Persistent link: https://www.econbiz.de/10013367631
protection, accounting standards and capital market development in the partner exchange's country, the higher the merger and …
Persistent link: https://www.econbiz.de/10003973480
-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/10003507184
We ask why, in many circumstances and many environments, decision-makers choose to act on a time-regular basis (e.g. adjust every six weeks) or on a stateregular basis (e.g. set prices ending in a 9), even though such an approach appears suboptimal. The paper attributes regular behaviour to...
Persistent link: https://www.econbiz.de/10003358664
wages in Austria from 1980 to 2006 we show that wage-setting is strongly influenced by reference norms, that the wages of …
Persistent link: https://www.econbiz.de/10003832631
Analyzing data from the Structure of Earnings Surveys we find that wage dispersion in Austria increased marginally …
Persistent link: https://www.econbiz.de/10008728753