• 1 Introduction
  • 2 A short review of the bank merger literature
  • 3 The matching model
  • 4 The data and descriptive statistics
  • 5 The propensity score matching
  • 5.1 Estimating propensities tomerge
  • 5.2 The balancing effect of the matching strategy
  • 6 Merger effects on profitability and cost efficiency
  • 7 Conclusion
  • 8 Appendix