IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Domestic mergers in the Austrian banking sector: a performance analysis

In this paper we investigate the performance of the Austrian banks which have participated in a domestic in-market merger operation since 1996. For this purpose we apply the Data Envelopment Analysis (DEA) methodology in combination with a Tobit model to account for the variation of the productive efficiency scores due to external determinants such as in-market merger operations. In order to cope with the problem of selectivity we estimate the model subject to the presence (or absence) of a treatment effect as encompassed by the participation in in-market merger activities. The dataset used comprises an unbalanced panel of data of about 800 Austrian banks ranging over 1996 to 2002. The paper finds evidence supporting the view that banks which participated in domestic in-market merger operations attain a higher productive efficiency level than banks which did not participate in such operations. The analysis also indicates that the merger gains remain significant over a longer period of time (more than five years) but show a slight tendency to level off.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.tandfonline.com/doi/abs/10.1080/09603100601043706
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Taylor & Francis Journals in its journal Applied Financial Economics.

Volume (Year): 17 (2007)
Issue (Month): 3 ()
Pages: 185-196

as
in new window

Handle: RePEc:taf:apfiec:v:17:y:2007:i:3:p:185-196
Contact details of provider: Web page: http://www.tandfonline.com/RAFE20

Order Information: Web: http://www.tandfonline.com/pricing/journal/RAFE20

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:taf:apfiec:v:17:y:2007:i:3:p:185-196. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.