problems involved. In this study, we analyze the effect of German bank mergers in the period 1995-2000 on banks' profitability …

German banks experienced a merger wave throughout the 1990s. However …

The inability of most bank merger studies to control for hidden bailouts may …

represent exogenous shocks to the (initially non-distressed) acquiring bank. We find that in the years after a distressed merger … acquiring bank and not by real economic contagion …

function with a timevariable stochastic efficiency term we show that positive scale and scope effects from a merger arise only … taken over by others are less efficient than the average bank in the same size class, but exhibit on average the same … efficiency as the acquiring firms. For the post-merger phase, our empirical results provide no evidence for efficiency gains from …

comparatively cheap deposits of bank's liabilities but among other factors especially by the size of the bank. In our empirical … finding of a strong influence of bank size on funding costs is also in an in international context of great interest as … mergers among small local banks - the key driver of bank growth - are a recent phenomenon not only in European banking that is …

gains. -- Mergers and acquisitions ; post-merger performance ; bank mergers …In this paper, we investigate how bank mergers affect bank revenues and present empirical evidence that mergers among … banks have a substantial and persistent negative impact on merging banks' revenues. We refer to merger related negative …