Banking Mergers and Acquisitions’ Performance in Europe

Rym Ayadi ()
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Rym Ayadi: Centre for European Policy Studies (CEPS) Brussels

Chapter 2 in Frontiers of Banks in a Global Economy, 2008, pp 8-58 from Palgrave Macmillan

Abstract: Abstract The European banking sector has experienced a rapid process of mergers and acquisitions (M&A) during the 1990s.1 The deregulation of banking activities, the progress made towards the completion of an integrated European financial market, financial globalization, technological and financial innovations, the imperative of value creation and the introduction of the euro are some of the principal forces that fuelled the process of banking consolidation. Today, it seems that (M&A) activity has picked up with various domestic and cross-border deals in the banking industry.2 Indeed, faced with increased risks, uncertainty and enhanced competition, banking institutions must adopt the most economic strategic means to cut their costs and enhance their revenues. Moreover, the adoption of most measures under the Financial Services Action Plan (FSAP) and the European Commission’s White Paper on financial services policy (2005–10) towards complete integration of European financial markets will act as a real impetus to accelerate banking consolidation in the coming years.

Keywords: Data Envelopment Analysis; Market Power; Efficiency Score; Cost Efficiency; European Bank (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-59066-3_2

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DOI: 10.1057/9780230590663_2

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