Are There Conditions That Can Predict When an M&A Works? The Case of Italian Listed Banks

Roberta Arbolino, Raffaele Boffardi (), Kostantinos Kounetas (), Ugo Marani and Oreste Napolitano
Additional contact information
Ugo Marani: Department of Human and Social Science, University of Naples L’Orientale, 80134 Naples, Italy
Oreste Napolitano: Department of Business and Economic Studies, University of Naples Parthenope, 80132 Naples, Italy

Economies, 2024, vol. 12, issue 3, 1-33

Abstract: This paper investigates the impact in the short/medium term of M&As made by 14 Italian banks quoted on the stock exchange for the period 1999–2016. After dividing the banks into two groups by size and degree of internationalisation, we sought to ascertain whether different initial conditions produce different final effects. Based on three assumptions, supported by three separate econometric approaches, our empirical analysis shows that the stronger banks increased their competitiveness while the weaker banks did not achieve the same results since they were motivated to grow “by desperation”.

Keywords: M&A; bank lending; listed banks; bank shocks; Italy (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2227-7099/12/3/58/pdf (application/pdf)
https://www.mdpi.com/2227-7099/12/3/58/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:12:y:2024:i:3:p:58-:d:1346121

Access Statistics for this article

Economies is currently edited by Ms. Hongyan Zhang

More articles in Economies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().