Does financial regulation affect the profit efficiency and risk of banks? Evidence from China's commercial banks

All aspects of banking business are being radically transformed and to an extent that is changing the fundamental economics of the banking firm and the banking industry. This is because of three dominant factors: a series of powerful pressures acting simultaneously; technology is changing the very core of banking business: infor-mation advantages, processing, moni-toring, delivery, etc; and because, as a result of these pressures, competition is increasingly developing from outside the traditional banking industry. The paper reviews the pressures impinging on the economics of banking and considers their implications for the structure of the banking industry; the business operations of banks, and the structure of the banking firm."

The New Economics of Banking

The article attempts to examine the effect of mergers and acquisitions (M&As) on Malaysian banks’ revenue efficiency. The data gathered in this study are divided into two event windows: the pre-merger (1995–1996) and post-merger (2002–2009) periods. The sample selected for this study comprised 34 commercial banks, including the control group of banks. We employ the Data Envelopment Analysis (DEA) method to measure the efficiency of Malaysian banks during both the pre- and post-merger periods. The results indicate that the Malaysian banks’ revenue efficiency has not significantly improved during the post-merger compared to the pre-merger period.

/pdf/assessing-the-effect-of-mergers-and-acquisitions-on-revenue-1eqhhvvd14.pdf

Assessing the Effect of Mergers and Acquisitions on Revenue Efficiency: Evidence from Malaysian Banking Sector:

The purpose of this research is to test the efficiency of market with respect to announcements of mergers and acquisitions using an event study methodology. Specifically, this study analyzed the effects of banks mergers and their announcements on the prices of stocks, in Europe. We study 18 deals that involve banks in Merger and Acquisition from year 2001 to 2010 in order to investigate the returns of shareholder of the targets and acquirers. Evidence here supports that significant cumulative abnormal returns were short lived for the acquirers. At the end of the event window, the cumulative abnormal returns were 0. Evidence of excess returns after the merger announcement was also observed along with the leakage of information that resulted in the rise of stock prices few days before the announcement of merger or acquisition. At the same time, the results of cumulative abnormal returns showed that target banks earned abnormal returns on the merger announcement day.

/pdf/profitability-analysis-of-mergers-and-acquisitions-an-event-15ys9kbin7.pdf

Profitability Analysis of Mergers and Acquisitions: An Event Study Approach

Strategic and Organisational Challenges of Internationalisation in Financial Services

This paper aims at providing a complete picture of banking mergers and acquisitions (MA whereas, no improvement of costefficiency and a little improvement of profit efficiency for cross-border transactions. These results imply that domestic banking mergers in Europe fulfilled their objective to cut costs whereas they failed to achieve revenues synergies; cross-border mergers instead, were proved to better exploit from revenues synergies more likely due to geographical diversification. Against this background, we provide the main prospective scenarios for banking consolidation in the medium term after examining the state of concentration and competition in the domestic banking markets and the role of the regulatory changes and remaining obstacles to a full European banking integration. Finally, we raise the main strategic challenges ahead banking institutions in terms of business models - Universal, multi specialised or specialised banking, optimal size, growth strategies - M&As or partnerships - and the prospects offered by the new Basel capital Accord. A first appraisal suggests: a) a natural coexistence of different business models, each one having its specific characteristics and responding to individual needs, b) the optimal size is not synonym of a larger size and a larger size is not an absolute criterion of profitability and efficiency, c) M&As are not the only alternative to banking consolidation, and d) finally Basel II is redefining the rules of the game to European banking, but it is rather premature to make a final and exhaustive assessment in this respect.

https://www.econstor.eu/bitstream/10419/163468/1/suerf-study-2005-3.pdf

Banking Mergers and Acquisitions in the EU: Overview, Assessment and Prospects

International relocation has become a topical issue in recent months, in France as elsewhere in Europe. This working paper is a set of four articles. Guillaume Daudin and Sandrine Levasseur provide an assessment of the impact of international relocation on French employment. Georges Pujals deals with offshore outsourcing in the financial sector from a European perspective. Catherine Mathieu and Henri Sterdyniak focus on policy measures taken or to be taken in face of job losses in the French economy. Jean-Luc Gaffard and Michel Quere show that free competition alone is not optimal for European economies and that a combination of structural and growth oriented macroeconomic policies is needed.

Competition from emerging countries, international relocation and their impacts on employment

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Banking Mergers and Acquisitions in the EU: Overview, Assessment and Prospects

Competition from emerging countries, international relocation and their impacts on employment

Banking Mergers and Acquisitions in the EU: Overview, Assessment and Prospects