Ayadi, Rym. (2007) Assessing the Performance of Banking M&As in Europe: A New Conceptual Approach. CEPS Reports in Finance and Banking No. 37(?), 12 September 2007. UNSPECIFIED.
Abstract
This book examines the performance of mergers and acquisitions in the banking industry in Europe and introduces a new approach for assessing the phenomenon by considering the various strategies underlying consolidation activity – namely, the initial activities of the banks involved and the geographical dimension of their transactions. The results show that the economic and financial performance of a banking M&A depends on its underlying strategy, which is defined on the basis of the bank’s initial activities and its geographical reach. The optimal combination of these two factors – defining the optimal underlying strategy – could be a critical factor for the success or failure of an M&A.
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