Do M&As Create Value for Shareholders? The Effect on Bank Efficiency

Franco Fiordelisi

Chapter 7 in Mergers and Acquisitions in European Banking, 2009, pp 134-152 from Palgrave Macmillan

Abstract: Abstract Similarly to Chapter 6, this chapter provides a dynamic study et al., to assess the Merger and Acquisition effects on cost efficiency in European banking over a five-year period. By using a large sample from the countries mainly involved in the M&A phenomenon — that is, France, Germany, Italy, and the United Kingdom — our analysis compares cost efficiency levels in a moment prior and successive to the deal itself (Altunbus and Margques-Ibanez, 2004).

Keywords: Data Envelope Analysis; Cost Efficiency; Efficiency Change; Saving Bank; European Banking (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_7

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DOI: 10.1057/9780230245402_7

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