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dc.contributor.authorKoetter, Michaelen
dc.date.accessioned2009-01-28T16:02:51Z-
dc.date.available2009-01-28T16:02:51Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 2 |x2005,12en
dc.subject.jelG34en
dc.subject.jelG33en
dc.subject.jelG28en
dc.subject.jelG21en
dc.subject.jelL44en
dc.subject.ddc330en
dc.subject.keywordBanks mergersen
dc.subject.keywordregulationen
dc.subject.keyworddistressen
dc.subject.keywordcost efficiencyen
dc.subject.keywordGermanyen
dc.subject.stwBanken
dc.subject.stwFusionen
dc.subject.stwÜbernahmeen
dc.subject.stwKosten-Wirksamkeits-Analyseen
dc.subject.stwWirtschaftliche Effizienzen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleEvaluating the German bank merger wave-
dc.typeWorking Paperen
dc.identifier.ppn50399815Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp2:4267en

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