Why Do Banks Merge?
The banking industry is consolidating at an accelerating pace, yet no conclusive results have emerged on the benefits of mergers and acquisitions. In order to investigate the motives and results of each type of deal we consider separately acquisitions (that is, the purchase of the majority of voting...
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| Veröffentlicht in: | Journal of money, credit and banking credit and banking, 2002-11, Vol.34 (4), p.1047-1066 |
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| container_end_page | 1066 |
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| container_issue | 4 |
| container_start_page | 1047 |
| container_title | Journal of money, credit and banking |
| container_volume | 34 |
| creator | Focarelli, Dario Panetta, Fabio Salleo, Carmelo |
| description | The banking industry is consolidating at an accelerating pace, yet no conclusive results have emerged on the benefits of mergers and acquisitions. In order to investigate the motives and results of each type of deal we consider separately acquisitions (that is, the purchase of the majority of voting shares) and mergers, using Italian data. Mergers seek to improve income from services, but the increase is offset by higher staff costs; return on equity improves because of a decrease in capital. Acquisitions aim to restructure the loan portfolio of the acquired bank; improved lending policies result in higher profits. |
| doi_str_mv | 10.1353/mcb.2002.0054 |
| format | Article |
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| identifier | ISSN: 0022-2879 |
| ispartof | Journal of money, credit and banking, 2002-11, Vol.34 (4), p.1047-1066 |
| issn | 0022-2879 1538-4616 1538-4616 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_39129976 |
| source | Jstor Complete Legacy |
| subjects | Bank acquisitions & mergers Bank assets Bank earnings Bank loans Banking Banking industry Banking services Banks Corporate mergers Cost reduction Efficiency Federal Reserve Bank Finance Hypotheses Income Labor costs Loans Mergers Profitability Profits Securities markets Studies Universal banking |
| title | Why Do Banks Merge? |
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