أعرض تسجيلة المادة بشكل مبسط

dc.creator Koetter, Michael
dc.date 2005
dc.date.accessioned 2013-10-16T07:06:35Z
dc.date.available 2013-10-16T07:06:35Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19745
dc.identifier ppn:50399815X
dc.identifier RePEc:zbw:bubdp2:4267
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19745
dc.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.
dc.language eng
dc.relation Discussion Paper, Series 2: Banking and Financial Supervision 2005,12
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G34
dc.subject G33
dc.subject G28
dc.subject G21
dc.subject L44
dc.subject ddc:330
dc.subject Banks mergers
dc.subject regulation
dc.subject distress
dc.subject cost efficiency
dc.subject Germany
dc.subject Bank
dc.subject Fusion
dc.subject Übernahme
dc.subject Kosten-Wirksamkeits-Analyse
dc.subject Wirtschaftliche Effizienz
dc.subject Schätzung
dc.subject Deutschland
dc.title Evaluating the German bank merger wave
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط