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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 study examines the value creation of Merger and Acquisition (M&A) deals in European Banking from 1990-2004. This is …
Persistent link: https://www.econbiz.de/10013098733
impact on the European banking sector and the European economy. The European Central Bank (ECB) and the Single Resolution …
Persistent link: https://www.econbiz.de/10012587341
The study examines the value creation of Merger and Acquisition (M&A) deals in European Banking from 1990-2004. This is …
Persistent link: https://www.econbiz.de/10013404358
We empirically examine the impact of bank consolidation on bank acquisition of soft information about borrowers. Using … complexity upon a merger, rather than a post-merger cost-cut, is likely to cause a negative and significant impact on soft …
Persistent link: https://www.econbiz.de/10012954778
We analyze the role of bank mergers as determinants of the evolution of branch presence at the county level. Panel …- and post-crisis. The results indicate that bank mergers contributed to the increase of branches in the pre-crisis period …
Persistent link: https://www.econbiz.de/10012845952
Although bank mergers have been a topic of ongoing research in the USA, particularly in view of reforms instituted by … European bank mergers is thin. A key question is whether the changes in the banking industry are applicable worldwide or … previous studies. In contrast to previous findings, findings here are more consistent with those of US bank mergers, leading to …
Persistent link: https://www.econbiz.de/10013147117
provide evidence that the size of the acquiring banks and the debt to equity ratio of the target bank play an important role …
Persistent link: https://www.econbiz.de/10014361975
provide evidence that the size of the acquiring banks and the debt to equity ratio of the target bank play a significant role …
Persistent link: https://www.econbiz.de/10014256695
The study compares the M&A effect on the profitability measures of 63 completed EU banks. The cumulative total standardised abnormal return (CTSAR), which is a proxy for M&A and a long window of 60 days, were used to capture the impact and trends in the profitability of both acquirers. The...
Persistent link: https://www.econbiz.de/10013142052