Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128784
Authors: 
Hahn, Franz R.
Year of Publication: 
2004
Series/Report no.: 
WIFO Working Papers 230
Abstract: 
In this paper we investigate the performance of the Austrian banks which have, either actively or passively, participated in a domestic intra-banking merger or acquisition operation since 1995. For this purpose we apply the DEA methodology in combination with a Tobit regression approach to account for the variation of the technical efficiency score due to external determinants. In order to cope with the inherent dependency problem of DEA-based efficiency scores when incorporated into regression analysis we propose a Bootstrap method. The data set used comprises an unbalanced panel of data of about 800 Austrian banks ranging over 1999 to 2002. The empirical findings support the view that intra-banking merger and acquisition activities have a positive influence on banking efficiency.
Subjects: 
Efficiency measurement
data envelopment analysis
mergers and acquisitions
banking
JEL: 
F36
C23
C52
G21
G24
G34
Document Type: 
Working Paper

Files in This Item:
File
Size
263.33 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.