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Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank >

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http://hdl.handle.net/10419/19742
  

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dc.contributor.authorKoetter, Michaelen_US
dc.contributor.authorBos, Jaap W. B.en_US
dc.contributor.authorHeid, Franken_US
dc.contributor.authorKool, Clemens J. M.en_US
dc.contributor.authorKolari, James W.en_US
dc.contributor.authorPorath, Danielen_US
dc.date.accessioned2009-01-28T16:02:49Z-
dc.date.available2009-01-28T16:02:49Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19742-
dc.description.abstractThe inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the regulatory intervention history to distinguish between distressed and non-distressed mergers. We find that, among merging banks, distressed banks had the worst profiles and acquirers perform somewhat better than targets. However, both distressed and non-distressed mergers have worse CAMEL profiles than our control group. In fact, non-distressed mergers may be motivated by the desire to forestall serious future financial distress and prevent regulatory intervention.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion Paper, Series 2: Banking and Financial Supervision 2005,09en_US
dc.subject.jelG21en_US
dc.subject.jelG14en_US
dc.subject.jelG34en_US
dc.subject.ddc330en_US
dc.subject.keywordMergersen_US
dc.subject.keywordbailouten_US
dc.subject.keywordX-efficiencyen_US
dc.subject.keywordmultinomial logiten_US
dc.subject.stwBanken_US
dc.subject.stwFusionen_US
dc.subject.stwÜbernahmeen_US
dc.subject.stwUnternehmenssanierungen_US
dc.subject.stwBankinsolvenzen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleAccounting for distress in bank mergersen_US
dc.typeWorking Paperen_US
dc.identifier.ppn503997730en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp2:4264-
Appears in Collections:Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank

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