Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19742 
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dc.contributor.authorKoetter, Michaelen
dc.contributor.authorBos, Jaap W. B.en
dc.contributor.authorHeid, Franken
dc.contributor.authorKool, Clemens J. M.en
dc.contributor.authorKolari, James W.en
dc.contributor.authorPorath, Danielen
dc.date.accessioned2009-01-28T16:02:49Z-
dc.date.available2009-01-28T16:02:49Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 2 |x2005,09en
dc.subject.jelG21en
dc.subject.jelG14en
dc.subject.jelG34en
dc.subject.ddc330en
dc.subject.keywordMergersen
dc.subject.keywordbailouten
dc.subject.keywordX-efficiencyen
dc.subject.keywordmultinomial logiten
dc.subject.stwBanken
dc.subject.stwFusionen
dc.subject.stwÜbernahmeen
dc.subject.stwUnternehmenssanierungen
dc.subject.stwBankinsolvenzen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleAccounting for distress in bank mergers-
dc.typeWorking Paperen
dc.identifier.ppn503997730en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp2:4264en

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