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This paper studies the bilateral drivers of mergers and acquisitions (M&As) between European banks. Two findings document that banks use M&A as a device to leverage their expertise rather than to diversify. (i) Following the literature on matrimonial matching by using a binary logit model, the...
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This paper investigates the size-efficiency relation of European cooperative banks during the 2006-2015 period. We … cooperative banks from 12 European countries. This work extends the existing literature by focusing on shape of size-efficiency … European cooperative banks are significantly more cost efficient than their bigger peers and that the size-efficiency relation …
Persistent link: https://www.econbiz.de/10011901962
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not only of the technology but also of firm-level heterogeneity in technical and allocative efficiency levels. The …
Persistent link: https://www.econbiz.de/10014208518
detect a significant efficiency enhancing effect of benchmarking, we find insignificant merger economies due to the absence … association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly …, merger activity arose. This paper develops a tailored nonparametric model to dissect and distinguish the effects on …
Persistent link: https://www.econbiz.de/10011373828
Among other reasons, the aim to gain efficiency and increasing profitability are generally cited as important reasons … has been made to analyze the impact of M&As on the efficiency of seventy seven acquiring firms undertaken for the study in … as pre-merger period and 2000-04 as post-merger period. The pre-merger and post-merger period for firms in year 2000 has …
Persistent link: https://www.econbiz.de/10013236244
detect a significant efficiency enhancing effect of benchmarking, we find insignificant merger economies due to the absence … association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly …, merger activity arose. This paper develops a tailored nonparametric model to dissect and distinguish the effects on …
Persistent link: https://www.econbiz.de/10012728540
analyzing the impact of insurers' scale of operations and group affiliation status on benefits, costs, and efficiency from the … regarding the assessment of what constitutes efficiency with respect to scale of operations and group affiliation status … some guidelines regarding the appropriate scale of operations for the scale efficiency, and informs discussion of mergers …
Persistent link: https://www.econbiz.de/10012869567