The effect of mergers and acquisitions on productivity: An empirical application to Spanish banking

Mergers and acquisitions are frequently justified in terms of value creation or efficiency improvements. Nevertheless, the evidence is not consistent with the existence of benefits in terms of the costs, productivity, profitability or market value of the firms involved. A distinguishing feature of e...

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Veröffentlicht in:	Omega (Oxford) 2010-10, Vol.38 (5), p.283-293
Hauptverfasser:	Bernad, Cristina, Fuentelsaz, Lucio, Gómez, Jaime
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions Acquisitions & mergers Bank acquisitions & mergers Efficiency Impact analysis Integration Mergers Mergers Acquisitions Productivity Savings banks Spain Productivity Savings banks Spain Studies
Online-Zugang:	Volltext
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