Transparency of regulation and cross-border bank mergers

Matthias Köhler

ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: There is ample anecdotal evidence that political influence constitutes a barrier to the integration of the EU banking market. Based on a dataset on the transparency on the supervisory review process of bank mergers in the EU, I estimate the probability that a bank is taken over as a function of bank and country characteristics and the transparency of merger control. The results indicate that banks are systematically more likely to be taken over by foreign credit institutions if the regulatory process is transparent. Particularly large banks seem to be less likely to be taken over by foreign banks if merger control lacks transparency.

Keywords: Mergers and acquisitions; banks; barriers to consolidation; political interference (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-ban, nep-com, nep-eec, nep-eur and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:08009r

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