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whether the targets in cross-border bank M&As are materially different from those banks targeted in domestic M&A deals. The …, and contrary to what one might expect, bank size does not have a different effect on the probability of being a domestic …
Persistent link: https://www.econbiz.de/10010599655
Are the drivers of domestic and cross-border M&As in the banking sector different? Despite the intense research on bank … world countries, from 1992 to 2007. Our results show that size and profitability have a stronger impact on the probability … that a bank is a bidder in a cross-border deal than in a domestic deal. Consistent with the findings of the literature on …
Persistent link: https://www.econbiz.de/10009144029
Given the recent traumatic events in the world?s banking industry it is important to understand what drives bankers to …-border bank M&As are materially different from those banks targeted in domestic M&A deals. To address this question we use a … sample of over 24,000 banks from more than 100 countries. We begin by estimating the probability that a bank will be a M …
Persistent link: https://www.econbiz.de/10008690120
The objective of the paper is to analyse the influence of information about economic and financial problems of strategic shareholders upon the market value of commercial banks operating in the Polish banking sector. The analysis included fourteen such cases from the years 2007-2014. The results...
Persistent link: https://www.econbiz.de/10010888488
The consolidation process that characterized the banking industry in the last decades has been widely analyzed, but very few studies have investigated what are the reasons why a number of announced deals were not concluded. We fill this gap in the literature analyzing the characteristics of...
Persistent link: https://www.econbiz.de/10010938667
This paper aims to estimate bank efficiency differences across member states of the European Union and tries to explain … their causes. We show on an empirical basis that the level and spread of bank efficiency in the EU and their changes are … limited cross-sectional comparison through time. …
Persistent link: https://www.econbiz.de/10005357950
In addition to aspects related to financial stability, the cost efficiency gap observed between the banking systems of the old and the new EU member states is also unfavourable from a welfare point of view. In the majority of new member states, banks are likely to price the relatively high rate...
Persistent link: https://www.econbiz.de/10005146768
This paper argues that special purpose vehicles, SPVs, are two-edged financial constructs whose bad edge consists in conveying opaque governance, whereas its good one amounts to interesting financial engineering. Firstly, the notion of opaque governance is highlighted, to focus next on SPVs and...
Persistent link: https://www.econbiz.de/10009652956
We examine the interaction between the legal protection of investors, corporate governance within firms, institutional development between countries, and investable premia in emerging markets. In a multi country setting and using a novel dataset we find that better-governed firms experience...
Persistent link: https://www.econbiz.de/10009249165
This paper provides a survey on recent developments in the European banking industry. Traditional banking activities have contracted in relative terms, but banks remain the predomination players in the euro area financial system. Economic and monetary integration in the EU has strongly...
Persistent link: https://www.econbiz.de/10010756030