The question of whether or not mergers and acquisitions have helped to enhance banks’ efficiency and profitability has … problems involved. In this study, we analyze the effect of German bank mergers in the period 1995-2000 on banks' profitability … and cost efficiency. We suggest a new matching strategy to control for the selection effects arising from the fact that …

aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why …The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …

Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to … stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization …, increase or decrease firms' efficiency, scale of operation (size) and employment. Using a large panel of firm-level data from …