IDEAS home Printed from https://ideas.repec.org/a/taf/servic/v33y2013i2p266-278.html
   My bibliography  Save this article

The consequences of mergers on the profitability of Spanish savings banks

Author

Listed:
  • Cristina Bernad
  • Lucio Fuentelsaz
  • Jaime Gomez

Abstract

Mergers and acquisitions (M&A) have been frequently justified in terms of value creation or efficiency improvements. Nevertheless, the evidence is not consistent with the existence of benefits in terms of profitability or market value of the firms involved. A distinguishing feature of extant research is that it focuses on the assessment of the consequences of mergers around the time in which the operation takes place, limiting the possibility of observing a complete integration between the merged firms. In this context, the objective of this paper is to evaluate the effects of M&A on the long-run profitability of Spanish savings banks.

Suggested Citation

  • Cristina Bernad & Lucio Fuentelsaz & Jaime Gomez, 2013. "The consequences of mergers on the profitability of Spanish savings banks," The Service Industries Journal, Taylor & Francis Journals, vol. 33(2), pages 266-278, February.
  • Handle: RePEc:taf:servic:v:33:y:2013:i:2:p:266-278
    DOI: 10.1080/02642069.2011.601295
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/02642069.2011.601295
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/02642069.2011.601295?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Timothy H. Hannan, 1991. "The functional relationship between prices and market concentration: the case of the banking industry," Finance and Economics Discussion Series 169, Board of Governors of the Federal Reserve System (U.S.).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Climent Serrano, Salvador, 2013. "La reestructuración del sistema bancario español tras la crisis y la solvencia de las entidades financieras. Consecuencias para las cajas de ahorros," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(2), pages 136-146.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Böhme Enrico & Müller Christopher, 2011. "Searching for the Concentration-Price Effect in the German Movie Theater Industry," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 231(4), pages 479-493, August.
    2. Otero, Karina V., 2008. "Evolución del Poder de Mercado en los Servicios de Intermediación Financiera en Argentina," MPRA Paper 86794, University Library of Munich, Germany, revised Sep 2009.
    3. Pasricha, Gurnain, 2009. "Bank Competition and International Financial Integration: Evidence using a new Index," MPRA Paper 16767, University Library of Munich, Germany.

    More about this item

    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:taf:servic:v:33:y:2013:i:2:p:266-278. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc 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 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FSIJ20 .

    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.