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Efficiency and Market Power Gains in Bank Megamergers : Evidence from Value Line Forecasts
Devos, Erik - 2016
This paper examines whether gains in bank megamergers occur due to efficiency improvements or the exercise of market … quantities. The average megamerger is associated with cost-efficiency improvements. In the cross-section, efficiency gains are …. Efficiency gains dissipate when the resulting megabank size exceeds $150 billion in assets or 1.5% of GDP indicating that banks …
Persistent link: https://www.econbiz.de/10012991899
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Efficiency and market power gains in bank megamergers : evidence from value line forecasts
Devos, Erik; Krishnamurthy, Srinivasan; Narayanan, Rajesh - In: Financial management 45 (2016) 4, pp. 1011-1039
Persistent link: https://www.econbiz.de/10011718795
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Management sales forecasts and firm market power
Acito, Andrew A.; Folsom, David; Zhao, Rong - In: Journal of accounting, auditing & finance : JAAF 36 (2021) 2, pp. 278-303
Persistent link: https://www.econbiz.de/10012521320
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Life cycle models and forecasting growth and profitability
Vorst, Patrick; Yohn, Teri Lombardi - In: The accounting review : a publication of the American … 93 (2018) 6, pp. 357-381
Persistent link: https://www.econbiz.de/10011966855
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A forecasting framework for core domestic banks in Malta
Andreani, Michele - 2024
, with a particular emphasis on bank profitability. Methodologically, it employs two multivariate time series models, namely … comprehensive profitability outlook for the Maltese core banking sector. Key findings are summarized as follows: (i) neither of the …
Persistent link: https://www.econbiz.de/10015053640
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Collusion by algorithm: the role of unobserved actions
Martin, Simon; Rasch, Alexander - 2022
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10013093034
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Collusion by Algorithm : Does Better Demand Prediction Facilitate Coordination Between Sellers?
Miklós-Thal, Jeanine - 2018
We build a game-theoretic model to examine how better demand forecasting due to algorithms, machine learning and artificial intelligence affects the sustainability of collusion in an industry. We find that while better forecasting allows colluding firms to better tailor prices to demand...
Persistent link: https://www.econbiz.de/10012910026
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Collusive compensation schemes aided by algorithms
Martin, Simon; Schmal, W. Benedikt - 2021
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10012698813
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Collusion by algorithm : does better demand prediction facilitate coordination between sellers?
Miklós-Thal, Jeanine; Tucker, Catherine - In: Management science : journal of the Institute for … 65 (2019) 4, pp. 1552-1561
Persistent link: https://www.econbiz.de/10012022643