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https://hdl.handle.net/10419/19742
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Koetter, Michael | en |
dc.contributor.author | Bos, Jaap W. B. | en |
dc.contributor.author | Heid, Frank | en |
dc.contributor.author | Kool, Clemens J. M. | en |
dc.contributor.author | Kolari, James W. | en |
dc.contributor.author | Porath, Daniel | en |
dc.date.accessioned | 2009-01-28T16:02:49Z | - |
dc.date.available | 2009-01-28T16:02:49Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19742 | - |
dc.description.abstract | The 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 |
dc.language.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 2 |x2005,09 | en |
dc.subject.jel | G21 | en |
dc.subject.jel | G14 | en |
dc.subject.jel | G34 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Mergers | en |
dc.subject.keyword | bailout | en |
dc.subject.keyword | X-efficiency | en |
dc.subject.keyword | multinomial logit | en |
dc.subject.stw | Bank | en |
dc.subject.stw | Fusion | en |
dc.subject.stw | Übernahme | en |
dc.subject.stw | Unternehmenssanierung | en |
dc.subject.stw | Bankinsolvenz | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.title | Accounting for distress in bank mergers | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 503997730 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp2:4264 | en |
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