EconPapers    
Economics at your fingertips  
 

Mergers and Acquisitions in European banking higher productivity or better synergy among business lines?

Rym Ayadi (), Jean-Philippe Boussemart (), Hervé Leleu () and Dhafer Saidane ()

Journal of Productivity Analysis, 2013, vol. 39, issue 2, 165-175

Abstract: This paper aims at assessing the extent to which M&As in European banking sector over the period 1996–2003 result in two simultaneous catching up and convergence processes of consolidating groups. First, do the M&As significantly contribute to the consolidating banks to catch-up with the productivity benchmark? Second, in terms of synergies or complementarities among business lines, is there a convergence process of output mixes among the individual banks of the M&A operations? Our sample is made up of 42 M&A transactions and 587 non-merging banks in Europe. The main conclusion is that M&A operations in the European banking industry appear to be essentially motivated by an objective of improving complementarities among lines of work from each component of M&As rather than increasing productivity at the merged banks. Copyright Springer Science+Business Media, LLC 2013

Keywords: Efficiency; Free Aggregation Hull; Catching-up; Convergence; Mergers & acquisitions; Banking industry; D24; G21; G34; L25 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1007/s11123-012-0309-8 (text/html)
Access to full text is restricted to subscribers.

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:kap:jproda:v:39:y:2013:i:2:p:165-175

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11123/PS2

DOI: 10.1007/s11123-012-0309-8

Access Statistics for this article

Journal of Productivity Analysis is currently edited by William Greene, Chris O'Donnell and Victor Podinovski

More articles in Journal of Productivity Analysis from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2020-05-03
Handle: RePEc:kap:jproda:v:39:y:2013:i:2:p:165-175