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M&A of Financial Institutions: Literature Review

  • Franco Fiordelisi
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

There is a large number of studies dealing with M&As in the financial service industry. Despite this, it is not possible to find straightforward evidence of the M&A effects. Recently, DeYoung et al., (2009) have reviewed more than 100 studies dealing with M&As in financial sectors and note that

there is little consensus as to the effects of this consolidation on industry performance. For example, the extant literature provides no consistent evidence regarding whether the participating financial firms benefit on average from M&As, whether the customers of these firms benefit on average from M&As, or whether societal risks have increased or decreased as a result of these M&As” (DeYoung et al., 2009, forthcoming).

Keywords

Financial Institution Abnormal Return Total Asset Cumulate Abnormal Return Announcement Date 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Franco Fiordelisi 2009

Authors and Affiliations

  • Franco Fiordelisi
    • 1
  1. 1.University of Rome IIIItaly

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