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Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/19745
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Koetter, Michael | | en_US |
| dc.date.accessioned | | 2009-01-28T16:02:51Z | | - |
| dc.date.available | | 2009-01-28T16:02:51Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/19745 | | - |
| dc.description.abstract | | German 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.iso | | eng | | en_US |
| dc.relation.ispartofseries | | Discussion Paper, Series 2: Banking and Financial Supervision 2005,12 | | en_US |
| dc.subject.jel | | G34 | | en_US |
| dc.subject.jel | | G33 | | en_US |
| dc.subject.jel | | G28 | | en_US |
| dc.subject.jel | | G21 | | en_US |
| dc.subject.jel | | L44 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Banks mergers | | en_US |
| dc.subject.keyword | | regulation | | en_US |
| dc.subject.keyword | | distress | | en_US |
| dc.subject.keyword | | cost efficiency | | en_US |
| dc.subject.keyword | | Germany | | en_US |
| dc.subject.stw | | Bank | | en_US |
| dc.subject.stw | | Fusion | | en_US |
| dc.subject.stw | | Übernahme | | en_US |
| dc.subject.stw | | Kosten-Wirksamkeits-Analyse | | en_US |
| dc.subject.stw | | Wirtschaftliche Effizienz | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Evaluating the German bank merger wave | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 50399815X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank
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