Download or read book Efficiency and Productivity Effects of Bank Mergers written by Anthony N. Rezitis and published by . This book was released on 2008 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main purpose of this study is to investigate the effect of acquisition activity on the efficiency and total factor productivity of Greek banks. A stochastic output distance function is used to construct a generalized output Malmquist productivity index based on the methodological framework of Orea [Orea, L., 2002. Parametric decomposition of a Generalized Malmquist Productivity Index. Journal of Productivity Analysis 18, 5-22]. The results of the present study indicate that the effects of mergers and acquisition on technical efficiency and total factor productivity growth of Greek banks are rather negative. In particular, the technical efficiency of merger banks decreased in the period after merging, while that of non-merger banks increased over the same period. Furthermore the decrease in total factor productivity for merger banks for the period after merging can be attributed to an increase in technical inefficiency and the disappearance of economies of scale, while technical change remained unchanged compared to the pre-merging level.

Download or read book Bank Mergers Acquisitions written by Yakov Amihud and published by Springer Science & Business Media. This book was released on 1998-02-28 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors. Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.

Download or read book Bank Mergers and Their Efficiency and Productivity Effects the Case of India written by Geetha Ravishankar and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bank Mergers Acquisitions written by Yakov Amihud and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors. Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.

Download or read book The Economic Profitability Impact of Mergers Acquisitions among Banks in Lebanon written by Rami Saleh and published by GRIN Verlag. This book was released on 2013-05-08 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2009 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, , language: English, abstract: A study of the impact of mergers and acquisitions on the economic profitability among Banks in Lebanon

Download or read book Efficiency Effects of Bank Mergers in the US Market written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This bachelor thesis analyses efficiency effects of mergers and acquisitions in the US banking industry. For that reason 99 mergers and acquisitions are examined that have taken place during 2000-2010. Performance-adjusted accounting data of 99 US acquirers is analyzed in a univariate research model on the one hand and in a multivariate multiple-linear-regression model on the other hand. Results suggest that there is no observable improvement in post-merger efficiency and post-merger performance. In fact, performance even worsens slightly in the post-merger period. Merging banks are facing increasing costs while income does not change significantly. This decrease in performance is attributable to the negative effects of the financial crisis, which had a significantly negative influence on post-merger performance of merging banks.

Download or read book Efficiency Effects of Bank Mergers and Acquisitions written by Harry Huizinga and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of US Bank Mergers on Bank Risk and Value written by Ingo Forbriger and published by GRIN Verlag. This book was released on 2007-07 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Business economics - Investment and Finance, grade: 1,3, Humboldt-University of Berlin (Institut f r Bank- und B rsenwesen), course: Hauptseminar Finanzierung, 20 entries in the bibliography, language: English, abstract: This paper observes the impacts of domestic US commercial bank M&As in the 1990s on individual institutions. It shows potential changes in a bank's risk exposure and how these can affect a merged bank's value. It provides a theoretical consideration as well as a review of empirical studies. The result is that a merger might lead to a risk benefit. In this case, there is, c.p., potential for a value increase. Empirically, risk benefits were either absent or offset by managers' higher risk taking.

Download or read book Efficiency and Productivity in Swedish Banking written by Matilda Gjirja and published by Department of Economics School of Economics and Commercial L. This book was released on 2004 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Local Market Consolidation and Bank Productive Efficiency written by Douglas D. Evanoff and published by . This book was released on 2013 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent banking literature has evaluated the impact of mergers on the efficiency of the merging parties [e.g., Rhoades (1993), Shaffer (1993), Fixler and Zieschang (1993)]. Similarly, there has been analysis of the impact of eliminating bank entry restrictions on the average performance of banks [Jayaratne and Strahan (1998)]. The evidence suggests that acquiring banks are typically more efficient than are acquired banks, resulting in the potential for the new combined organization to be more efficient and, therefore, for the merger to be welfare enhancing. The evidence also suggests, however, that these potential gains are often not realized. This has led some to question the benefits resulting from the recent increase in bank merger activity. We take a somewhat more comprehensive and micro-oriented approach and evaluate the impact of actual and potential competition resulting from market-entry mergers and reductions in entry barriers on bank efficiency. In particular, in addition to the efficiency gains realized by the parties involved in a bank merger, economic theory argues that additional efficiency gains should result from the impact of the merger on the degree of local market competition. We therefore examine the impact of increased competition resulting from mergers and acquisitions on the productive efficiency of incumbent banks. Our findings are consistent with economic theory: As competition increases as a result of entry or the creation of a more viable local competitor, the incumbent banks respond by increasing their level of cost efficiency. We find this efficiency increase to be in addition to any efficiency gains resulting from increases in potential competition occurring with the initial elimination of certain entry barriers. Thus, consistent with economic theory, new entrants and reductions in entry barriers lead incumbent firms to increase their productive efficiency to enable them to be viable in the more competitive environment. Studies evaluating the impact of bank mergers on the efficiency of the combining parties alone may be overlooking the most significant welfare enhancing aspect of merger activity. We do not find evidence of profit efficiency gains. In fact, the mergers are associated with decreases in profit efficiency; perhaps indicating that revenues may also be competed away from incumbents as a result of mergers.

Download or read book Banking Industry Consolidation written by Daniel E. Nolle and published by . This book was released on 1995 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Efficiency Effects of Bank Mergers and Acquisitions in Europe written by H. P. Huizinga and published by . This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Efficiency Effects of Bank Mergers written by Oranuch Jetwattana and published by . This book was released on 2003 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Bank Merger Wave The Economic Causes and Social Consequences of Financial Consolidation written by Gary Dymski and published by Routledge. This book was released on 2016-09-16 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This far-reaching study shows that operating efficiencies are not what are driving today's unrelenting bank merger mania. It suggests that bank mergers and consolidation may have effects that are contrary to consumer and non-financial business interests, such as lower rates of interest, increasing fees, and tighter credit constraints. Dymski recommends several new policies to apply to the evaluation of prospective mergers.

Download or read book Determinants of Cost Efficiencies in Bank Mergers written by Robert DeYoung and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Short term Long term and Efficiency Impacts of Recent Mergers and Acquisitions in the U S Banking Industry written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines the wealth effects of bank mergers on bidder, target, and combined firm shareholders for a sample of 785 mergers during the period 1980-2000. The dissertation employs two unique bank event study methodologies to calculate abnormal returns for bidder, target and combined firms. The first methodology is a modified market model that controls for shocks common to the banking industry. The second is an EGARCH (1,1) model that adjusts for the violated regression assumptions of the traditional market model event study. Namely, it controls for the linearity assumption, heteroskedasticity, and the correlation in the error term. The results of both methodologies reveal that target shareholders enjoy significantly positive abnormal returns, whereas the bidder shareholders experience significantly negative abnormal returns. Overall, announcements of bank mergers generate positive wealth effects for the combined shareholders. However, the evidence presented in this dissertation, to some extent, underscores the importance of the choice of models describing stock returns in examining the impact of bank mergers. In addition, when mergers are analyzed to determine the effects of relative size and relative book-to-market values, we find evidence that the relative size significantly affects the target, bidder and combined firm return; method of payment is also found to be significant in abnormal returns. Moreover, we find that the number of bidders affects only the bidder returns, while book-to-market values are irrelevant factors.

Download or read book Productivity and Efficiency Performance of Selected Universal Banks After Mergers written by Joan Pablo Martos and published by . This book was released on 2012 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been a lot of students and researchers, using different methods and measurement on trying to analyze the outcome or examine the impact of mergers and acquisitions (M & As). The after effect of the merger is of the essence, its long term implication, whether the acquisition pronounced success in the long run. This study take into account a ten-year period (2001-2010) analysis on the impact of merger and financial indicators on productivity and efficiency performance of the top three universal banks that have undergone a merger. This study used two approach in measuring productivity and efficiency performance. Multi- stage DEA was employed in the first stage of analysis. Four inputs are bank deposits, capital funds, number of employees and other operating expenses. Four outputs are net income, total assets, portfolio investments and interest income. Through DEA, this study was able to identify three important findings. First, is the identification of sources of productivity and efficiency. Among the three banks, BPI and MetroBank achieved increasing productivity within the ten-year period with a mean of 1.005 and 1.013. BDO's decline in productivity is influenced by decline in technology with a mean of 0.997. Second, this paper was also able to identify that older merged banks(MetroBank and BPI) have more years of mpss than BDO implying that old merged banks (BPI and MetroBank) were more productive than younger (BDO-EPCI) merged bank. Older merged banks' productivity was influenced by technological improvement(techch). Younger merged bank decline in productivity was caused by technological obsolescence. All three banks efficiently used their resource inputs or slacks. BDO posted the least amount in TFPch and lesser moss in years of operation but managed efficiently its input and output, generating zero slacks for the entire test period. Stochastic Frontier Analysis (SFA) was used for the second part of analysis. It determines the financial indicators' impact to efficiency. Results from the application of SFA indicate that in general profitability, leverage-solvency, liquidity, operating efficiency, productive and technical efficiency, overall efficiency, managerial efficiency, and merging affects technical efficiency of the selected banks. The combined models used in this study are all useful tools for measuring the productivity and efficiency performance of the top three universal banks in the Philippines.