The Impact of Mergers and Acquisitions in the Banking and Insurance Sector
نویسنده
چکیده
..................................................................................................................................................... 24 Introduction................................................................................................................................................. 24 Methodology............................................................................................................................................... 25 The empirical evidence: event studies...................................................................................................... 27 Table 1: Assessment of the 50 largest bank mergers, 1990-1999 ......................................................... 28 Figure 1: CAR (%) of 87 foreign acquisitions by large Dutch firms, 1990-1995..................................... 30 The empirical evidence: ex-post studies .................................................................................................. 31 Table 2: Selected banks ranked by asset size, 1999 .............................................................................. 36 Figure 2: Typical long-range average cost curve..................................................................................... 37 Purely strategic (bank) mergers: a bit of theory ....................................................................................... 37 Effects of purely strategic (bank) mergers and some policy suggestions .............................................. 39 Conclusions................................................................................................................................................ 41 References................................................................................................................................................. 42
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