Halkos, George E.; Tzeremes, Nickolaos G. - In: Journal of Banking & Finance 37 (2013) 5, pp. 1658-1668
We propose a bootstrapped Data Envelopment Analysis (DEA)-based procedure to pre-calculate and pre-evaluate the short-run operating efficiency gains of a potential bank merger or acquisition (M&A). As an illustrative example, we apply our proposed procedure to investigate the degree of operating...