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Do M&As Create Value for Shareholders? The Effect on Bank Efficiency

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

Abstract

Similarly to Chapter 6, this chapter provides a dynamic study et al., to assess the Merger and Acquisition effects on cost efficiency in European banking over a five-year period. By using a large sample from the countries mainly involved in the M&A phenomenon — that is, France, Germany, Italy, and the United Kingdom — our analysis compares cost efficiency levels in a moment prior and successive to the deal itself (Altunbus and Margques-Ibanez, 2004).

Keywords

Data Envelope Analysis Cost Efficiency Efficiency Change Saving Bank European Banking 
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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