Provides a detailed analytical assessment of the merger and acquisition phenomenon in banking. It advances the prior … effect produced by M&A transactions on bank efficiency and shareholder value. …

"This book provides a detailed analytical assessment of merger and acquisition phenomenon in banking. It advances the … assesses the effect produced by M&A transactions on bank efficiency and shareholder value"--Provided by publisher …

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …