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Estimating the degree of operating efficiency gains from a potential bank merger and acquisition: A DEA bootstrapped approach
dc.creator | Halkos, G. E. | en |
dc.creator | Tzeremes, N. G. | en |
dc.date.accessioned | 2015-11-23T10:29:49Z | |
dc.date.available | 2015-11-23T10:29:49Z | |
dc.date.issued | 2013 | |
dc.identifier | 10.1016/j.jbankfin.2012.12.009 | |
dc.identifier.issn | 0378-4266 | |
dc.identifier.uri | http://hdl.handle.net/11615/28402 | |
dc.description.abstract | We propose a bootstrapped Data Envelopment Analysis (DEA)-based procedure to pre-calculate and pre-evaluate the short-run operating efficiency gains of a potential bank merger or acquisition (M&A). As an illustrative example, we apply our proposed procedure to investigate the degree of operating efficiency gains of 45 possible bank M&As in the Greek banking industry over the period from 2007 to 2011. The results reveal that a year before and a year after the initiation of the Greek fiscal crisis, the majority of the potential bank M&As under examination were unable to generate short-run operating efficiency gains. In addition, our results for 2011 indicate that the majority of bank M&As can lead to short-run operating efficiency gains. Finally, the empirical findings support the view that a merger or acquisition between efficient banks does not ensure an efficient bank M&A. (C) 2013 Elsevier B.V. All rights reserved. | en |
dc.source.uri | <Go to ISI>://WOS:000317167600027 | |
dc.subject | Data envelopment analysis | en |
dc.subject | Bootstrap techniques | en |
dc.subject | Mergers and | en |
dc.subject | acquisitions | en |
dc.subject | Bank efficiency | en |
dc.subject | Greek fiscal crisis | en |
dc.subject | DATA ENVELOPMENT ANALYSIS | en |
dc.subject | NONPARAMETRIC FRONTIER MODELS | en |
dc.subject | GREEK BANKING | en |
dc.subject | FINANCIAL INSTITUTIONS | en |
dc.subject | PRODUCTIVE EFFICIENCY | en |
dc.subject | DENSITY-FUNCTION | en |
dc.subject | INDUSTRY | en |
dc.subject | DEREGULATION | en |
dc.subject | PERFORMANCE | en |
dc.subject | CRISIS | en |
dc.subject | Business, Finance | en |
dc.subject | Economics | en |
dc.title | Estimating the degree of operating efficiency gains from a potential bank merger and acquisition: A DEA bootstrapped approach | en |
dc.type | journalArticle | en |
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