Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29646 
Year of Publication: 
2010
Series/Report no.: 
ZEW Discussion Papers No. 08-009 [rev.]
Publisher: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Abstract: 
There is ample anecdotal evidence that political influence constitutes a barrier to the integration of the EU banking market. Based on a dataset on the transparency on the supervisory review process of bank mergers in the EU, I estimate the probability that a bank is taken over as a function of bank and country characteristics and the transparency of merger control. The results indicate that banks are systematically more likely to be taken over by foreign credit institutions if the regulatory process is transparent. Particularly large banks seem to be less likely to be taken over by foreign banks if merger control lacks transparency.
Subjects: 
Mergers and acquisitions
banks
barriers to consolidation
political interference
older Version: 
Document Type: 
Working Paper

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