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Are the financial characteristics of acquired banks similar across the EU? Evidence from the principal markets

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  • Fotios Pasiouras
  • Chrysovalantis Gaganis

Abstract

We use a sample of acquired and non-acquired commercial banks from the principal EU markets and logistic regression analysis to investigate the relationship between bank characteristics and the likelihood to be acquired. The results indicate the existence of differences across countries either in terms of the significance of the variables or the sign of their coefficients.

Suggested Citation

  • Fotios Pasiouras & Chrysovalantis Gaganis, 2009. "Are the financial characteristics of acquired banks similar across the EU? Evidence from the principal markets," Applied Economics Letters, Taylor & Francis Journals, vol. 16(6), pages 619-623.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:6:p:619-623
    DOI: 10.1080/13504850701206544
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    References listed on IDEAS

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    1. David C. Wheelock & Paul W. Wilson, 2000. "Why do Banks Disappear? The Determinants of U.S. Bank Failures and Acquisitions," The Review of Economics and Statistics, MIT Press, vol. 82(1), pages 127-138, February.
    2. Wheelock, David C. & Wilson, Paul W., 2004. "Consolidation in US banking: Which banks engage in mergers?," Review of Financial Economics, Elsevier, vol. 13(1-2), pages 7-39.
    3. Hannan, Timothy H & Rhoades, Stephen A, 1987. "Acquisition Targets and Motives: The Case of the Banking Industry," The Review of Economics and Statistics, MIT Press, vol. 69(1), pages 67-74, February.
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    1. Fotios Pasiouras & Sailesh Tanna & Chrysovalantis Gaganis, 2011. "What Drives Acquisitions in the EU Banking Industry? The Role of Bank Regulation and Supervision Framework, Bank Specific and Market Specific Factors," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 20(2), pages 29-77, May.

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