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The Value Effects of Bank Mergers and Acquisitions Author info | Abstract | Publisher info | Download info | Related research | Statistics Steven J. Pilloff
Anthony M. Santomero
The banking industry has experienced an unprecedented level of consolidation on a belief that gains can accrue through expense reduction, increased market power, reduced earnings volatility, and scale and scope economies. A review of the literature suggests that the value gains that are alleged have not been verified. The paper then seeks to address alternative explanations and reconcile the data with continued merger activity.
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Paper provided by Wharton School Center for Financial Institutions, University of Pennsylvania in its series Center for Financial Institutions Working Papers with number
97-07.
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Date of creation: Oct 1996Date of revision:
Handle: RePEc:wop:pennin:97-07Contact details of provider: Postal: 3301 Steinberg Hall-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104.6367 Phone: 215.898.1279 Fax: 215.573.8757 Email: Web page: http://fic.wharton.upenn.edu/fic/ More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Berger, Allen N. & Hanweck, Gerald A. & Humphrey, David B., 1987.
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Other versions: Roll, Richard, 1986.
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Other versions: Allen N. Berger & David B. Humphrey, 1992.
"Megamergers in banking and the use of cost efficiency as an antitrust defense ,"
Finance and Economics Discussion Series
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Center for Financial Institutions Working Papers
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[Downloadable!]
repec:fip:fedreq:y:1990:i:sep:p:38-50:n:v.76no.5 is not listed on IDEAS
Jalal D. Akhavein & Allen N. Berger & David B. Humphrey, 1997.
"The effects of megamergers on efficiency and prices: evidence from a bank profit function ,"
Finance and Economics Discussion Series
1997-9, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Manlagnit, Ma. Chelo V. & Lamberte, Mario B., 2004.
"Evaluating the Impacts of Competition Policy Reforms on the Efficiency of Philippine Commercial Banks ,"
Discussion Papers
DP 2004-46, Philippine Institute for Development Studies.
[Downloadable!]
Joseph P. Hughes & William Lang & Loretta J. Mester & Choon-Geol Moon, 1998.
"The Dollars and Sense of Bank Consolidation ,"
Center for Financial Institutions Working Papers
99-04, Wharton School Center for Financial Institutions, University of Pennsylvania.
[Downloadable!]
Other versions:
Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1998.
"The dollars and sense of bank consolidation ,"
Working Papers
98-10, Federal Reserve Bank of Philadelphia.
[Downloadable!] Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol, 1999.
"The dollars and sense of bank consolidation ,"
Journal of Banking & Finance ,
Elsevier, vol. 23(2-4), pages 291-324, February.
[Downloadable!] (restricted)
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