Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/331954 
Erscheinungsjahr: 
2025
Quellenangabe: 
[Journal:] German Economic Review (GER) [ISSN:] 1468-0475 [Volume:] 26 [Issue:] 3 [Year:] 2025 [Pages:] 193-227
Verlag: 
De Gruyter, Berlin
Zusammenfassung: 
Motivated by the recent increase in bank mergers, this paper examines the performance of German cooperative banks that merged between 2014 and 2019. We are particularly interested in whether elevated merger rates are due to bank inefficiencies or to challenging policy measures such as low-for-long interest rates. The results indicate that banks that perform relatively worse before and during the low interest environment exhibit a greater probability of becoming a target during this period. Consolidation generally occurs among low performing banks where large and well-capitalized banks merge with their small and inefficient peers. Ultimately, our results attribute the increased number of mergers to inefficiencies in the banking industry, as banks that exited the market were inefficient prior to the adverse low interest rate environment.
Schlagwörter: 
banks
efficiency
low interest environment
mergers
regulation
JEL: 
G21
G34
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