Product details
- Categories: Economic and Monetary Affairs, Entreprise
- Publisher: CEPS
- Collection: CEPS Reports in Finance and Banking
- ISBN: 9789290797326
- Publication Date: 12/07/2007
- Binding: Paperback
- Number of pages: 84
- Language: English
Summary
This book examines the performance of mergers and acquisitions in the banking industry in Europe and introduces a new approach for assessing the phenomenon by considering the various strategies underlying consolidation activity – namely, the initial activities of the banks involved and the geographical dimension of their transactions. The results show that the economic and financial performance of a banking M&A depends on its underlying strategy, which is defined on the basis of the bank’s initial activities and its geographical reach. The optimal combination of these two factors – defining the optimal underlying strategy – could be a critical factor for the success or failure of an M&A.