-merger financial performance. We find that, on average, bank mergers in the European Union resulted in improved return on capital. By …

assess the relative importance of cross-border bank spillovers as compared to domestic bank spillovers. The results suggest …

expected return news component - as opposed to the bank-specific news, typically assumed to be incorporated in the cash …

approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …

-oriented regime for merger control increases banks’ stock prices, whereas it decreases those of non-financial firms. Moreover, bank … merger targets become more profitable and larger. A major determinant of the positive bank returns, after controlling inter … alia for the general quality of institutions and individual bank characteristics, is the opaqueness that characterizes the …