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

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http://hdl.handle.net/10419/19745
  

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dc.contributor.authorKoetter, Michaelen_US
dc.date.accessioned2009-01-28T16:02:51Z-
dc.date.available2009-01-28T16:02:51Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19745-
dc.description.abstractGerman banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous matter of debate. In this paper we suggest a taxonomy as how to evaluate post-merger performance on the basis of cost efficiency (CE). We categorise mergers a success that fulfill simultaneously two criteria. First, merged institutes must exhibit CE levels above the average of non-merging banks. Second, banks must exhibit CE changes between merger and evaluation year above efficiency changes of non-merging banks. We employ this taxonomy to characterise (successful) mergers in terms of various key-performance and structural indicators and investigate the implications for three important policy issues. Our main conclusions are twofold. First, approximately every second merger is a success. Second, the margin of success is narrow, as the CE differential between merging and non-merging banks is one percentage point.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion Paper, Series 2: Banking and Financial Supervision 2005,12en_US
dc.subject.jelG34en_US
dc.subject.jelG33en_US
dc.subject.jelG28en_US
dc.subject.jelG21en_US
dc.subject.jelL44en_US
dc.subject.ddc330en_US
dc.subject.keywordBanks mergersen_US
dc.subject.keywordregulationen_US
dc.subject.keyworddistressen_US
dc.subject.keywordcost efficiencyen_US
dc.subject.keywordGermanyen_US
dc.subject.stwBanken_US
dc.subject.stwFusionen_US
dc.subject.stwÜbernahmeen_US
dc.subject.stwKosten-Wirksamkeits-Analyseen_US
dc.subject.stwWirtschaftliche Effizienzen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleEvaluating the German bank merger waveen_US
dc.typeWorking Paperen_US
dc.identifier.ppn50399815Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp2:4267-
Appears in Collections:Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank

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