The Effect of Mergers and Acquisitions on the Performance of Companies – The Greek Case of Ioniki-Laiki Bank and Pisteos Bank

Maditinos D., Theriou N. and Demetriades E.

European Research Studies Journal, 2009, vol. XII, issue 2, 111-130

Abstract: This study investigates the merger effects of two banks. The merger took place in mid 1999s and the effect was the Alpha Bank. The research is performed in two parts. The first part investigates the merger in the short-term, while the second part investigates the long-term effects of the merger exploring the relative position of the Alpha bank within the industry. Results show a beta-risk value for the Alpha bank which is a reconciliation of the beta-risks coefficients of the two banks, and moreover, reveal that Alpha bank is not only profitable but also competitive within the industry.

Keywords: Banking Industry; Mergers and Acquisitions; GARCH analysis; the CAPM model and Ratio Analysis (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xii:y:2009:i:2:p:111-130

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