Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70739
Authors: 
Hernando, Ignacio
Nieto, María J.
Wall, Larry D.
Year of Publication: 
2008
Series/Report no.: 
Working Paper, Federal Reserve Bank of Atlanta 2008-26
Abstract: 
This paper analyzes the determinants of bank acquisitions both within and across 25 members of the European Union (EU-25) during the period 1997-2004. Our results suggest that poorly managed banks (those with a high cost-to-income ratio) and larger banks are more likely to be acquired by other banks in the same country. The probability of being a target in a cross-border deal is larger for banks that are quoted in the stock market. Finally, banks operating in more concentrated markets are less likely to be acquired by other banks in the same country but are more likely to be acquired by banks in other EU-25 countries.
Subjects: 
bank acquisitions
merger gains
probability of acquisition
JEL: 
G21
G34
Document Type: 
Working Paper

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