Mergers and acquisitions and bank performance in Europe: The role of strategic similarities

被引：63

作者：

Altunbas, Yener ^{[1
]}

Marques, David ^{[2
]}

机构：

[1] Univ Wales, SBARD, Ctr Banking & Financial Studies, Sch Accounting Banking & Econ, Bangor LL57 2DG, Gwynedd, Wales

[2] European Cent Bank, Capital Markets & Financial Struct Div, D-60311 Frankfurt, Germany

来源：

JOURNAL OF ECONOMICS AND BUSINESS | 2008年 / 60卷 / 03期

关键词：

Banks; M&As; Performance;

D O I：

10.1016/j.jeconbus.2007.02.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the impact of European Union banks' strategic similarities on post-merger performance. We find that, on average, bank mergers have resulted in improved performance. We also find that for domestic deals, it can be quite costly to integrate institutions which are dissimilar in terms of their loan, earnings, cost, deposit and size strategies. For cross-border mergers, differences between merging partners in their loan and credit risk strategies are conducive to higher performance, whereas diversity in their capital and cost structure has a negative impact from a performance standpoint. (C) 2007 Elsevier Inc. All rights reserved.

引用

页码：204 / 222

页数：19

共 50 条

[21] THE ROLE OF CULTURE IN MERGERS AND ACQUISITIONS
Triantafyllopoulos, Ioannis K.
Konstantopoulos, Nikolaos
[J]. MARKETING AND MANAGEMENT SCIENCES, 2008, : 578 - 583
[22] The role of media in mergers and acquisitions
Liao, Rose
Wang, Xinjie
Wu, Ge
[J]. JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 2021, 74
[23] Mergers and acquisitions: Team performance
Sperry, Richard
Jetter, Antonie
[J]. PICMET '07: PORTLAND INTERNATIONAL CENTER FOR MANAGEMENT OF ENGINEERING AND TECHNOLOGY, VOLS 1-6, PROCEEDINGS: MANAGEMENT OF CONVERGING TECHNOLOGIES, 2007, : 211 - 218
[24] Mergers and acquisitions performance paradox: the mediating role of integration approach
Weber, Yaakov
Tarba, Shlonno Yedidia
Bachar, Ziva Rozen
[J]. EUROPEAN JOURNAL OF INTERNATIONAL MANAGEMENT, 2011, 5 (04) : 373 - 393
[25] MERGERS AND ACQUISITIONS PERFORMANCE PARADOX: THE MEDIATING ROLE OF INTEGRATION APPROACH
Weber, Yaakov
Tarba, Shlomo Yedidia
Bachar, Ziva Rozen
[J]. 4TH ANNUAL EUROMED CONFERENCE OF THE EUROMED ACADEMY OF BUSINESS: BUSINESS RESEARCH CHALLENGES IN A TURBULENT ERA, 2011, : 2022 - 2043
[26] Mergers, acquisitions, and strategic alliances as collaborative methods of strategic development and change
Gomes, Emanuel
[J]. STRATEGIC CHANGE-BRIEFINGS IN ENTREPRENEURIAL FINANCE, 2020, 29 (02): : 145 - 148
[27] Mergers, acquisitions and control of telecommunications firms in Europe
Trillas, F
[J]. TELECOMMUNICATIONS POLICY, 2002, 26 (5-6) : 269 - 286
[28] The effects of bank mergers and acquisitions on small business lending
Berger, AN
Saunders, A
Scalise, JM
Udell, GF
[J]. JOURNAL OF FINANCIAL ECONOMICS, 1998, 50 (02) : 187 - 229
[29] Corporate entrepreneurship and governance: Mergers and acquisitions in Europe
Garcia, C. Jose
Herrero, Begona
[J]. TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2022, 182
[30] Causal effect of mergers and acquisitions on EU bank productivity
Aljadani A.
Toumi H.
[J]. Journal of Economic Structures, 8 (1)

← 1 2 3 4 5 →