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| Author: | Haynes, M. Thompson, S. |
| Title: | The productivity effects of bank mergers: evidence from the UK building societies |
| Journal: | Journal of Banking and Finance
1999 : MAY, VOL. 23:5, p. 825-846 |
| Index terms: | BANKING FINANCE PRODUCTIVITY |
| Language: | eng |
| Abstract: | This paper presents an empirical investigation of the impact of acquisition activity on financial intermediary productivity. Specifically, it uses an augmented production function approach to investigate the impact of acquisition, after controls for input changes. The model is estimated on an unbalanced panel of 93 UK building societies over the period 1981-1993, using data on their core financial intermediation activities which, it is suggested are particularly appropriate for our purposes. |
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