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Dissynergies of mergers among local banks
Bloch, Thomas (contributor) - 2008
banks have a substantial and persistent negative impact on merging banks' revenues. We refer to merger related negative … customers and the temporary distraction of management from day-to-day operations by effecting the merger. For our analyses we … involved in 212 mergers between 1994 and 2006. We find that the negative impact of a merger on net operating revenues amounts …
Persistent link: https://www.econbiz.de/10003784009
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Accounting for Distress in Bank Mergers
Koetter, Michael - 2016
The inability of most bank merger studies to control for hidden bailouts may …
Persistent link: https://www.econbiz.de/10012989321
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The Success of Bank Mergers Revisited : An Assessment Based on a Matching Strategy
Behr, Andreas - 2016
The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has not yet been conclusively resolved in the literature. We argue that this is partly due to the severe methodological problems involved. In this study, we analyze the effect of...
Persistent link: https://www.econbiz.de/10012989277
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The effects of size on local banks' funding costs
Vins, Oliver (contributor); Bloch, Thomas (contributor) - 2008
Motivated by the recent discussion of the declining importance of deposits as banks' major source of funding we investigate which factors determine funding costs at local banks. Using a panel data set of more than 800 German local savings and cooperative banks for the period from 1998 to 2004 we...
Persistent link: https://www.econbiz.de/10003783090
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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 impact of cross-border mergers and acquisitions on the acquirers' R&D - firm level evidence
Stiebale, Joel - 2013
German firms with a merger and acquisition database. After a cross-border acquisition, investing firms display a higher rate …
Persistent link: https://www.econbiz.de/10011609709
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Buying to sell : private equity buyouts and industrial restructuring
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2013
We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block rivals from obtaining assets. These incentives...
Persistent link: https://www.econbiz.de/10009772935
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Cross-border M&As and innovative activity of acquiring and target firms
Stiebale, Joel - 2014
This paper analyzes the effects of cross-border mergers and acquisitions (M&As) on the innovation of European firms. The results indicate a considerable increase in post-acquisition innovation in the merged entity. This is mainly driven by inventors based in the acquirer's country, while...
Persistent link: https://www.econbiz.de/10010401729
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The effects of bank mergers on small business lending in Germany
Bloch, Thomas (contributor) - 2008
businesses compared to prior to the merger or compared to the contemporaneous lending by non-merging banks. We investigate the … merger related effects on small business lending in Germany from a bank-level perspective. Furthermore, we estimate small …
Persistent link: https://www.econbiz.de/10003784021
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Do Differences in Societal Trust Let the Cross-Border Mergers Die?
Ahmad, Muhammad Farooq - 2019
The paper further contributes to our understanding about the role of societal trust in influencing mergers outcome. Using a large sample of cross-border mergers across 56 countries between 1985 and 2014, we show that, conditional on announcement of cross-border mergers, larger differences of...
Persistent link: https://www.econbiz.de/10012893719