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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19745| Title: | Evaluating the German bank merger wave |
| Keywords: | G34 G33 G28 G21 L44 ddc:330 Banks mergers regulation distress cost efficiency Germany Bank Fusion Übernahme Kosten-Wirksamkeits-Analyse Wirtschaftliche Effizienz Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Description: | German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous matter of debate. In this paper we suggest a taxonomy as how to evaluate post-merger performance on the basis of cost efficiency (CE). We categorise mergers a success that fulfill simultaneously two criteria. First, merged institutes must exhibit CE levels above the average of non-merging banks. Second, banks must exhibit CE changes between merger and evaluation year above efficiency changes of non-merging banks. We employ this taxonomy to characterise (successful) mergers in terms of various key-performance and structural indicators and investigate the implications for three important policy issues. Our main conclusions are twofold. First, approximately every second merger is a success. Second, the margin of success is narrow, as the CE differential between merging and non-merging banks is one percentage point. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19745 |
| Other Identifiers: | http://hdl.handle.net/10419/19745 ppn:50399815X RePEc:zbw:bubdp2:4267 |
| Appears in Collections: | EconStor |
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