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Evaluating the German bank merger wave

1st Person: Koetter, Michael
Type of Publication: Paper
Language: English
Published: Deutsche Bundesbank 2005
Series: Discussion Paper Series 2
Keywords: Bank
Fusion
Übernahme
Kosten-Wirksamkeits-Analyse
Wirtschaftliche Effizienz
Schätzung
Deutschland
Bank
Merger
Cost-effectiveness analysis
Efficiency
Germany
Online: https://www.econstor.eu/bitstream/10419/19745/1/200512dkp_b.pdf
id
oai_econstor.eu_10419-19745
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Evaluating the German bank merger wave
spellingShingle
Evaluating the German bank merger wave
Bank
Fusion
Übernahme
Kosten-Wirksamkeits-Analyse
Wirtschaftliche Effizienz
Schätzung
Deutschland
Bank
Merger
Cost-effectiveness analysis
Efficiency
Germany
Koetter, Michael
Discussion Paper Series 2
title_short
Evaluating the German bank merger wave
title_full
Evaluating the German bank merger wave
title_fullStr
Evaluating the German bank merger wave
title_full_unstemmed
Evaluating the German bank merger wave
title_sort
Evaluating the German bank merger wave
format
electronic Article
format_phy_str_mv
Paper
publisher
Deutsche Bundesbank
publishDate
2005
language
English
topic
Bank
Fusion
Übernahme
Kosten-Wirksamkeits-Analyse
Wirtschaftliche Effizienz
Schätzung
Deutschland
Bank
Merger
Cost-effectiveness analysis
Efficiency
Germany
topic_facet
Bank
Merger
Cost-effectiveness analysis
Efficiency
Germany
author
Koetter, Michael
description
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.
url
https://www.econstor.eu/bitstream/10419/19745/1/200512dkp_b.pdf
series
Discussion Paper Series 2
seriesStr
Discussion Paper Series 2
Discussion Paper Series 2
series2
Discussion Paper Series 2
series2_facet
Discussion Paper Series 2
up_date
2019-05-24T02:51:04.086Z
_version_
1634380069843501057

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