المستودع الأكاديمي جامعة المدينة

The success of bank mergers revisited: an assessment based on a matching strategy

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dc.creator Heid, Frank
dc.creator Behr, Andreas
dc.date 2008
dc.date.accessioned 2013-10-16T07:06:48Z
dc.date.available 2013-10-16T07:06:48Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19783
dc.identifier ppn:570357632
dc.identifier RePEc:zbw:bubdp2:7316
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19783
dc.description The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has not yet been conclusively resolved in the literature. We argue that this is partly due to the severe methodological problems involved. In this study, we analyze the effect of German bank mergers in the period 1995-2000 on banks' profitability and cost efficiency. We suggest a new matching strategy to control for the selection effects arising from the fact that predominantly under-performing banks engage in mergers. Our results indicate a neutral effect of mergers on profitability and a positive effect on cost efficiency. Comparing our results with those obtained from a naive performance comparison of merging and non-merging banks indicates a severe negative selection bias with regard to the former.
dc.language eng
dc.relation Discussion Paper, Series 2: Banking and Financial Supervision 2008,06
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G34
dc.subject G21
dc.subject ddc:330
dc.subject Bank mergers
dc.subject performance measurement
dc.subject propensity score matching
dc.subject Bank
dc.subject Fusion
dc.subject Übernahme
dc.subject Unternehmensentwicklung
dc.subject Rentabilität
dc.subject Wirtschaftliche Effizienz
dc.subject Betriebsvergleich
dc.subject Matching
dc.subject Deutschland
dc.title The success of bank mergers revisited: an assessment based on a matching strategy
dc.type doc-type:workingPaper
dc.coverage 1994-2003


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