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https://hdl.handle.net/10419/19745
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Koetter, Michael | en |
dc.date.accessioned | 2009-01-28T16:02:51Z | - |
dc.date.available | 2009-01-28T16:02:51Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19745 | - |
dc.description.abstract | German 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.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 2 |x2005,12 | en |
dc.subject.jel | G34 | en |
dc.subject.jel | G33 | en |
dc.subject.jel | G28 | en |
dc.subject.jel | G21 | en |
dc.subject.jel | L44 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Banks mergers | en |
dc.subject.keyword | regulation | en |
dc.subject.keyword | distress | en |
dc.subject.keyword | cost efficiency | en |
dc.subject.keyword | Germany | en |
dc.subject.stw | Bank | en |
dc.subject.stw | Fusion | en |
dc.subject.stw | Übernahme | en |
dc.subject.stw | Kosten-Wirksamkeits-Analyse | en |
dc.subject.stw | Wirtschaftliche Effizienz | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.title | Evaluating the German bank merger wave | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 50399815X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp2:4267 | en |
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