Mergers and shareholder wealth in European banking

By Alberto Cybo-Ottone, Maurizio Murgia. 2000

434 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/cdcec652cb9e19ea13bf7caa6ee4c20ab0b85af8

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Citations in the corpus

Regulatory Arbitrage and Cross-Border Bank Acquisitions: Regulatory Arbitrage and Cross-Border Bank Acquisitions (2015, positive): “Finally, Cybo-Ottone and Murgia (2000) find that cross-border deals did not capture positive expectations from the market.”
The Impact of Bank Consolidation on Commercial Borrower Welfare (2005, neutral): “Berger, Demsetz, and Strahan (1999) provide a recent overview of the literature on the gains to banks in mergers and Cybo-Ottone and Murgia (2000) present recent event study evidence using European data.”
European banking: An overview (2007, methodology): “Using 1992–96 data, De Bandt and Davis (2000) obtain 0 < H < 1 for France, Germany, Italy and the US.”
Conglomeration versus Strategic Focus: Evidence from the Insurance Industry (2000, neutral): “A study of M&As between banks and insurers and among banks in Europe found that many of the events increased combined value (Cybo-Ottone and Murgia 1998).”
Does the Stock Market Value Bank Diversification (2007, background): “In an event study of European financial mergers, Cybo-Ottone and Murgia (2000) report that abnormal returns are higher in cross-product deals than in horizontal bank mergers.”
Explaining M&A Success in European Banks (2004, positive): “Concerning the experience of a bidder, DeYoung (1997) conducts a dynamic efficiency study of 348 US-bank M&As from 1987 to 1988 and finds a positive impact of bidder experience which is measured by the frequency of conducting M&A transactions.”
The Effects of Cross-Border Bank Mergers on Bank Risk and Value (2002, positive): “3 For example, Cybo-Ottone and Murgia (2000) find significant leakage effects for cross-border mergers in the days just prior to announcements of European bank mergers.”
The performance of universal banks: Evidence from Switzerland (2003, background): “and Hughes and Mester (1998). Evidence from Switzerland, reported in Sheldon (1994) finds strong economies of scale throughout his sample using parametric methods.”
Why Do Banks Merge? (2002, positive): “Most of the studies on bank M&As refer to the United States; few look outside the United States and almost none deals with European markets, if we except Vennet (1996) and Cybo-Ottone and Murgia (2000).”
Intra- and extra-bank determinants of Latin American Banks' profitability (2016, background): “Nevertheless, Cybo-Ottone and Murgia (2000) and Lepetit, Nys, Rous, and Tarazi (2008) find significant positive abnormal returns associated with product diversification of banks.”
Consolidation and Efficiency in the Financial Sector: A Review of the International Evidence (2003, background): “In the only event study of mergers in European banking markets, Cybo-Ottone and Murgia (2000) find positive and significant gains in shareholder value from domestic bank mergers, but not from cross-border deals.”
Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance (2000, background): “One study that examined M&As among banks and between banks and insurers in Europe found positive combined returns mostly driven by domestic bank-to-bank deals and diversification of banks into insurance (Cybo-Ottone and Murgia 1998).”