Bank Acquisitiveness and Financial Crisis Vulnerability
Michael Dowling and
Additional contact information
Saqib Aziz: ESC Rennes School of Business
Michael Dowling: ESC Rennes School of Business
Jean-Jacques Lilti: University of Rennes 1, CREM (UMR CNRS 6211)
Bankers, Markets & Investors, 2016, issue 143, 26-44
We investigate the relation between European bank acquisitiveness during the period 1990-2006 and the vulnerability of banks to the financial crisis. Our main tests use distance to default and Z-score ratios to estimate banks impact from the financial crisis in terms of bankruptcy risk and solvency. The findings shed new light on whether bank acquisitions really did contribute towards weakness; and suggest that only acquisitions of investment banking assets increased risk, while acquisition of retail banking assets actually lowered solvency risk.
Keywords: Financial Crisis; Mergers and Acquisitions; Probability of Default; Solvency; Investment Banking (search for similar items in EconPapers)
JEL-codes: G10 G21 G34 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.revue-banque.fr/article/bank-acquisitiv ... cial-crisis-vulnerab (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rbq:journl:i:143:p:26-44
Ordering information: This journal article can be ordered from
12 rue du Quatre-Septembre, 75002 PARIS France
Access Statistics for this article
More articles in Bankers, Markets & Investors from ESKA Publishing
Series data maintained by Marise Urbano ().