This study investigates the relationship between profitability and market power in the banking sector using data from … 2010 to the last quarter of 2019. In order to investigate this relationship, determinants of bank profitability are split … Montenegro does not give enough argument to support such explanation, and bank profitability can be explained by bank efficiency …

Applying the real options valuation to measure merger and acquisition (M&A) synergy is highly debatable, with questions … real options applications to measure synergy in cross-border merger activities remains a challenge. The main objective of … the paper is to explore multiple types of synergies in the recent, highly strategic cross-border merger - the Luminor …

the 1980s. Offsetting this increase, the average bidder-specific component has declined. We propose a theory of bidder …-specific synergies to help interpret these opposing trends. In our theory and in the data, acquirer returns increase with the extent to … consistent with rising merger synergies that have become less bidder-specific …

Competition in the US banking industry as measured by the Lerner Index has on average increased substantially during … the last decade. At the same time, regional differences in competition on the state level have decreased considerably … negatively correlated. Macroeconomic conditions appear to have supported these trends in competition, however, to a somewhat …