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Autor:innen: 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
WIFO Working Papers No. 230
Verlag: 
Austrian Institute of Economic Research (WIFO), Vienna
Zusammenfassung: 
In this paper we investigate the performance of the Austrian banks which have, either actively or passively, participated in a domestic intra-banking merger or acquisition operation since 1995. For this purpose we apply the DEA methodology in combination with a Tobit regression approach to account for the variation of the technical efficiency score due to external determinants. In order to cope with the inherent dependency problem of DEA-based efficiency scores when incorporated into regression analysis we propose a Bootstrap method. The data set used comprises an unbalanced panel of data of about 800 Austrian banks ranging over 1999 to 2002. The empirical findings support the view that intra-banking merger and acquisition activities have a positive influence on banking efficiency.
Schlagwörter: 
Efficiency measurement
data envelopment analysis
mergers and acquisitions
banking
JEL: 
F36
C23
C52
G21
G24
G34
Dokumentart: 
Working Paper

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