IDEAS home Printed from https://ideas.repec.org/a/rza/ersawp/vy2025iid191.html
   My bibliography  Save this article

Internal Markets and M&A Efficiency Gains: Evidence from Bank Branch-level Data

Author

Listed:
  • Lucas Argentieri Mariani
  • Bernardo Ricca

Abstract

We study how firms reallocate internal resources after an M&A operation. We focus on the banking sector and leverage matched employee-branch data and branch-level financial information. Firms use the enlargement of internal labor and capital markets triggered by the M&A to reallocate resources within the organization. Labor and internal funds are reallocated to acquirer branches. Restructuring enhances profitability at both acquirer and target branches, even after accounting for local market power gains. We show that these effects are more prominent in municipalities where the consolidated bank had larger local internal labor markets at the time of the consolidation.

Suggested Citation

  • Lucas Argentieri Mariani & Bernardo Ricca, 2025. "Internal Markets and M&A Efficiency Gains: Evidence from Bank Branch-level Data," ERSA Working Paper Series, Economic Research Southern Africa, vol. 0.
    • Handle: RePEc:rza:ersawp:v::y:2025:i::id:191
    as

    Download full text from publisher

    File URL: https://ersawps.org/index.php/working-paper-series/article/view/191/149
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rza:ersawp:v::y:2025:i::id:191. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Maggi Sigg (email available below). General contact details of provider: https://ersawps.org/index.php/working-paper-series/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.