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| Author: | Ekkayokkaya, M. Holmes, P. Paudyal, K. |
| Title: | The euro and the changing face of European banking: evidence from mergers and acquisitions |
| Journal: | European Financial Management
2009 : MAR, VOL. 15:2, p. 451-476 |
| Index terms: | banking bank mergers Euro European integration monetary integration |
| Language: | eng |
| Abstract: | There have been considerable changes in the European banking industry through mergers and acquisitions since the introduction of the single currency and reductions in cross-border barriers. It is investigated here whether these changes impacted on announcement period gains of the banks acquiring targets by examining the pre-euro, run-up to the euro and post euro areas. Evidence suggests bidders' gains have fallen with euro and post euro areas. |
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