adjusted performance more than product focused mergers. The efficiency or profitability of targets have either a positive or no … goal of this paper is to investigate the change in operating performance, efficiency, and value addition of US bank mergers … that the industry-adjusted operating performance of merged banks increases significantly after a merger. This finding is …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …

. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from …