Do M&As Create Value for Shareholders? The Effect on Bank Efficiency
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).
KeywordsData Envelope Analysis Cost Efficiency Efficiency Change Saving Bank European Banking
Unable to display preview. Download preview PDF.