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Bank Cross-Border Merger and Acquisitions (Causes, consequences and recent trends)

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  • Pozzolo, Alberto Franco

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Abstract

In the past fifteen years, cross-border mergers and acquisitions have had an ever increasing role in the process of bank internationalization. Although a consensus view has developed on the determinants of a bank’s decision to expand abroad and on the determinants of the patterns of expansion, the debate on the consequences of foreign bank presence is still open. The aim of this chapter is twofold. Firstly, it discusses the major results of the empirical literature studying the determinants, the patterns, and the consequences of bank foreign expansion. Secondly, it studies whether the determinants of bank foreign expansions have changed through time, estimating an econometric model of the patterns of cross-border bank M&As between 1990 and 2006.

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Paper provided by University of Molise, Dept. EGSeI in its series Economics & Statistics Discussion Papers with number esdp08048.

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Length: 38 pages
Date of creation: 13 Oct 2008
Date of revision:
Handle: RePEc:mol:ecsdps:esdp08048

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Keywords: international banking; foreign direct investment;

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Cited by:
  1. Claudia Curi & Paolo Guarda & Ana Lozano-Vivas & Valentin Zelenyuk, 2011. "Is foreign-bank efficiency in financial centers driven by homecountry characteristics?," BCL working papers, Central Bank of Luxembourg 68, Central Bank of Luxembourg.
  2. Gulamhussen, Mohamed Azzim & Pinheiro, Carlos & Pozzolo, Alberto Franco, 2012. "Were multinational banks taking excessive risks before the recent financial crisis?," Economics & Statistics Discussion Papers, University of Molise, Dept. EGSeI esdp12067, University of Molise, Dept. EGSeI.
  3. Köhler, Matthias, 2010. "Transparency of regulation and cross-border bank mergers," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 08-009 [rev.], ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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