Showing 1 - 10 of 12
for the savers. Given the adverse implications of banking mergers for a competitive environment, we argue that to maintain …
Persistent link: https://www.econbiz.de/10009365463
strategies of mergers and acquisitions. …
Persistent link: https://www.econbiz.de/10009246884
Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules guiding entry/exit and consolidation of banks. This paper seeks to refine this view in light of recent changes to financial services provision. Modern banking is largely...
Persistent link: https://www.econbiz.de/10010790360
We introduce a counterfactual analysis of banks mergers, combining the pre-merger equilibrium setting with post …. We find that mergers increased firms’ access to credit, but had an opposite effect on households and led to a widespread …
Persistent link: https://www.econbiz.de/10010845911
mergers entail higher systematic risk and, instead of providing risk diversification to shareholders, exhibit greater … large bank mergers actually translates into more risk for shareholders and susceptibility to adverse movements in the …
Persistent link: https://www.econbiz.de/10010718952
We analyze the takeover premiums paid for a sample of domestic and cross-border bank takeovers in the European Union between 1997 and 2007. We find that acquiring banks value profitable, high-growth and low risk targets. We also find that the strength of bank regulation and supervision as well...
Persistent link: https://www.econbiz.de/10010574834
led to the virtual disap¬pearance of savings banks through mergers and subsequent change in ownership structure becoming …
Persistent link: https://www.econbiz.de/10010578405
The objective of this paper is to analyse the efficiency of the Italian Banking System over the period 2006-2011. The Stochastic Frontier Approach (SFA) is applied to a panel of 700 Italian Banks. The analysis is based on the joint estimation of a cost function and an efficiency equation...
Persistent link: https://www.econbiz.de/10010968847
through coordinating bank mergers. …
Persistent link: https://www.econbiz.de/10010539817
not be too competitive, and could point to a benefit of merging insofar as mergers reduce competition and deepen the banks …
Persistent link: https://www.econbiz.de/10009460365