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Rym Ayadi Jean-Philippe Boussemart Hervé Leleu Dhafer Saidane 《Journal of Productivity Analysis》2013,39(2):165-175
This paper aims at assessing the extent to which M&As in European banking sector over the period 1996–2003 result in two simultaneous catching up and convergence processes of consolidating groups. First, do the M&As significantly contribute to the consolidating banks to catch-up with the productivity benchmark? Second, in terms of synergies or complementarities among business lines, is there a convergence process of output mixes among the individual banks of the M&A operations? Our sample is made up of 42 M&A transactions and 587 non-merging banks in Europe. The main conclusion is that M&A operations in the European banking industry appear to be essentially motivated by an objective of improving complementarities among lines of work from each component of M&As rather than increasing productivity at the merged banks. 相似文献
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Mehrez Ben Slama Dhafer Saidane Hassouna Fedhila 《Review of Quantitative Finance and Accounting》2012,38(2):209-240
During the last decades, the European banking system has known some deep changes. They have led to mergers and acquisitions
(M&As). The available studies show that the failure rate of theses M&As is relatively high. Cross-border operations are more
exposed to this risk. The high failure rate is due to the cultural and contextual differences between the M&A participants,
differences which make the process of integration particularly difficult. Thus, the success of M&As depends on the choice
of adequate M&A targets. This choice constitutes the main challenge for company leadership. The aim of this paper is therefore
to determine the factors which permit to identify the M&A targets. Our contribution compared to that of previous research
is that we study M&As and the identification of targets by line of bank activities. On the basis of a sample made up of 1071
European banks, between 2000 and 2006, we use a Logit Multinomial Model. Our main results show that the target banks tend
to be specialized in investment and market activities while the acquiring banks tend to approach themselves to the universal
bank model. 相似文献
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Sana Ben Abdallah Dhafer Saïdane Mehrez Ben Slama 《Business ethics (Oxford, England)》2020,29(4):706-721
This is the first study to examine the relationship between sustainability and soundness in banking as part of an integrated reporting approach. We consider 12 major European banks over the period 2006–2016. To test the relationship, two indexes were constructed, the sustainable performance index, which attempts to measure sustainability, and the banking soundness index, which measures bank soundness. The results show a bidirectional causality between sustainability and banking soundness. More specifically, soundness encourages banks to engage in sustainable development activities, while the implementation of a sustainable development approach has a negative effect on banking soundness. Our research contributes to the literature on this topic in two ways. First, we propose a new method for measuring banking soundness based on a Bayesian approach. This approach allows us to study a large number of criteria and allows us to determine proactively the importance and the contribution of different determinants in achieving soundness. In addition, to the best of our knowledge, this is the first study that attempts to study the relationship between bank soundness and sustainability. 相似文献
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