Too big to merge? Evidence from the US banking sector

Michael Polemis () and John M. Paleologos

Applied Economics Letters, 2014, vol. 21, issue 11, 782-785

Abstract: This article tries to cast light on the main determinants of the merger waves reported in the banking sector. For this reason, we investigate the recently developed merger wave theories by estimating an empirical model covering the US for the period 1987 to 2013. The empirical results, based on four alternative methodologies, are robust, claiming that merger waves in the banking sector are driven by stock market booms, a finding that is consistent with the behavioural hypothesis about the causes of merger waves.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2014.889797 (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:taf:apeclt:v:21:y:2014:i:11:p:782-785

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2014.889797

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().