M&A of Financial Institutions: Literature Review

Franco Fiordelisi

Chapter 4 in Mergers and Acquisitions in European Banking, 2009, pp 85-106 from Palgrave Macmillan

Abstract: Abstract There is a large number of studies dealing with M&As in the financial service industry. Despite this, it is not possible to find straightforward evidence of the M&A effects. Recently, DeYoung et al., (2009) have reviewed more than 100 studies dealing with M&As in financial sectors and note that there is little consensus as to the effects of this consolidation on industry performance. For example, the extant literature provides no consistent evidence regarding whether the participating financial firms benefit on average from M&As, whether the customers of these firms benefit on average from M&As, or whether societal risks have increased or decreased as a result of these M&As” (DeYoung et al., 2009, forthcoming).

Keywords: Financial Institution; Abnormal Return; Total Asset; Cumulate Abnormal Return; Announcement Date (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-24540-2_4

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DOI: 10.1057/9780230245402_4

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