| 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 |
|