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Dissynergies of mergers among local banks
Bloch, Thomas - 2008
In this paper, we investigate how bank mergers affect bank revenues and present empirical evidence that mergers among … involved in 212 mergers between 1994 and 2006. We find that the negative impact of a merger on net operating revenues amounts … four years post-merger. Only thereafter mergers exhibit a significantly superior performance compared to their respective …
Persistent link: https://www.econbiz.de/10010332993
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The effects of size on local banks' funding costs
Vins, Oliver; Bloch, Thomas - 2008
mergers among small local banks - the key driver of bank growth - are a recent phenomenon not only in European banking that is …
Persistent link: https://www.econbiz.de/10010271347
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The drivers and implications of business divestiture : an application and extension of prior findings
Decker, Carolin (contributor); Mellewigt, Thomas (contributor) - 2007
The purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving...
Persistent link: https://www.econbiz.de/10003634737
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The effects of size on local banks' funding costs
Vins, Oliver (contributor); Bloch, Thomas (contributor) - 2008
mergers among small local banks - the key driver of bank growth - are a recent phenomenon not only in European banking that is … margin. -- Regional banks ; bank funding ; mergers & acquisitions …
Persistent link: https://www.econbiz.de/10003783090
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Dissynergies of mergers among local banks
Bloch, Thomas (contributor) - 2008
In this paper, we investigate how bank mergers affect bank revenues and present empirical evidence that mergers among … involved in 212 mergers between 1994 and 2006. We find that the negative impact of a merger on net operating revenues amounts … four years post-merger. Only thereafter mergers exhibit a significantly superior performance compared to their respective …
Persistent link: https://www.econbiz.de/10003784009
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Foundation Owned Firms in Germany - A Field Experiment for Agency Theory
Draheim, Matthias - 2015
This paper analyzes the governance and performance of firms which, according to simplistic agency theory, should not be viable. These firms are fully or partially owned by a foundation which itself is not owned by natural or legal persons. Therefore, residual claimholders have restricted or no...
Persistent link: https://www.econbiz.de/10013032016
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Common Distress and Reorganization Patterns by Sector and Country for SMEs in Six European Countries using PDFR
Tascón, Maria T.; Laitinen, Erkki; Castaño, Francisco J. - 2022
This study contributes to identifying common distress patterns in financial indicators by sector and country in Finland, France, Germany, Italy, Portugal, and Spain as well as ex-post signals of reorganization success. We use PDFR that provides a distance-to-failure measure and allows us to...
Persistent link: https://www.econbiz.de/10014359216
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The drivers and implications of business divestiture: An application and extension of prior findings
Decker, Carolin; Mellewigt, Thomas - 2007
The purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving...
Persistent link: https://www.econbiz.de/10010263702
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Lufthansa : a century of international growth
Schmid, Stefan; Xia, Zhengtian - 2024
Over the last century, the passenger airline industry has undergone a series of transformations, with Lufthansa being a key player not only in Europe, but also worldwide. This case study traces Lufthansa's development, from its origins up until its current status, and outlines its expansion by...
Persistent link: https://www.econbiz.de/10014634473
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Accounting for distress in bank mergers
Koetter, Michael; Bos, Jaap W. B.; Heid, Frank; Kool, … - 2005
employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the … regulatory intervention history to distinguish between distressed and non-distressed mergers. We find that, among merging banks …-distressed mergers have worse CAMEL profiles than our control group. In fact, non-distressed mergers may be motivated by the desire to …
Persistent link: https://www.econbiz.de/10010295902