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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/10013265942

The economic impact of merger control : what is special about banking?

Carletti, Elena (contributor); Hartmann, Philipp (contributor) - 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/10003507184

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/10003831845

Competition and stability : what's special about banking?

Carletti, Elena; Hartmann, Philipp - 2002

Persistent link: https://www.econbiz.de/10001670916

Financial exposure and bank mergers : micro and macro evidence from the EU

Lebastard, Laura - 2022

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

Financing obstacles among euro area firms : who suffers the most?

Ferrando, Annalisa; Griesshaber, Nicolas - 2011

In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey - started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...

Persistent link: https://www.econbiz.de/10008901467

Gender diversity in bank boardrooms and green lending : evidence from euro area credit register data

Gambacorta, Leonardo; Pancotto, Livia; Reghezza, Alessio; … - 2022

Do female directors on banks' boards influence lending decisions toward less polluting firms? By using granular credit register data matched with information on firm-level greenhouse gas (GHG) emission intensities, we isolate credit supply shifts and find that banks with more gender-diverse...

Persistent link: https://www.econbiz.de/10013391051

Does gender diversity in the workplace mitigate climate change?

Altunbaş, Yener; Gambacorta, Leonardo; Reghezza, Alessio; … - 2022

We match firm-corporate governance characteristics with firm-level carbon dioxide (CO2) emissions over the period 2009-2019 to study the relationship between gender diversity in the workplace and firm carbon emissions. We find that a 1 percentage point increase in the percentage of female...

Persistent link: https://www.econbiz.de/10012880714

Dynamic carbon emission management

Bustamante, Maria Cecilia; Zucchi, Francesca - 2024

The control of carbon emissions by policymakers poses the corporate challenge of developing an optimal carbon management policy. We provide a unified model that characterizes how firms should optimally manage emissions through production, green investment, and the trading of carbon credits. We...

Persistent link: https://www.econbiz.de/10014484214

Interbank market integration, loan rates, and firm leverage

Ongena, Steven; Popov, Alexander - 2010

We study the effect of interbank market integration on small firm finance in the build-up to the 2007-2008 financial crisis. We use a comprehensive data set that contains contract terms on individual loans to 6,047 firms across 14 European countries between 1998:01 and 2005:12. We account for...

Persistent link: https://www.econbiz.de/10008659379

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