Tales of Motives in Bank M&amp;As in Emerging Markets

Yiannaki, Simona Mihai

doi:10.1002/tie.21571

Cited by 7 publications

(6 citation statements)

References 61 publications

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“…In response to the financial crisis, governments around the world bailed out, nationalized, and arranged fire sales for a large number of major banks. Also, some banks themselves engaged in fire sale activities (Beltratti & Stulz, ; Mihai Yiannaki, ). Between 2004 and 2009, the US banking system declined from 8,000 to under 7,000 commercial banks (Brean, Kryzanowski, & Roberts, ).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

“…Our second aim is to examine the effect of this postcrisis M&A activity on bank concentration around the world. Indeed, studies have shown that financial crises have a significant impact on bank concentration (Beltratti & Stulz, ; Mihai Yiannaki, ) and we investigate the relative impact of the crisis on concentration in developed versus emerging markets. Using an extensive sample of cross‐border M&As over the period 2000–2013, we find that both in value and volume, the M&A activity in the banking sector has reduced at the global level.…”

Section: Introductionmentioning

confidence: 99%

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Impact of the Financial Crisis on Cross‐Border Mergers and Acquisitions and Concentration in the Global Banking Industry

Rao‐Nicholson

Salaber

2015

Thunderbird Intl Bus Rev

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The global banking industry has seen dramatic changes in the past 40 years. Most recently, the financial liberalization of emerging markets and the global financial crisis have significantly impacted the market share of banks worldwide. This article investigates the impact of the 2007–2008 financial crisis on cross‐border mergers and acquisitions (M&As) in the banking sector and emphasizes the role of emerging‐market banks in the postcrisis consolidation trend. Using M&A data and concentration data over the period 2000–2013, our analysis indicates that the financial crisis had a significant impact on worldwide M&As, especially on the direction of the transactions. Emerging‐market banks appear to be major acquirers in the postcrisis period, targeting both neighboring countries and developed economies in Europe. We also observe an increase in bank concentration in developed markets most hit by the financial crisis, especially in the United States and the United Kingdom, whereas bank concentration decreased in emerging markets. © 2015 Wiley Periodicals, Inc.

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Section: Literature Review and Hypothesesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Impact of the Financial Crisis on Cross‐Border Mergers and Acquisitions and Concentration in the Global Banking Industry

Rao‐Nicholson

Salaber

2015

Thunderbird Intl Bus Rev

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“…where N1 is a N x 1 vector of ones. Pasiouras (2008) adds that the TE scores obtained under the VRS method are higher than or equal to the scores obtained under the CRS model, and SE scores can be obtained by dividing the overall TE by the pure TE (for a recent description of DEA, see Paradi and Zhu;2013).…”

Section: Deamentioning

confidence: 99%

Number of ATMs, IT investments, bank profitability and efficiency in Greece

Giordani

Floros

2015

GBER

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This paper investigates the effect of Automated Teller Machines (ATMs), Information Technology (IT) investments and other determinants on the efficiency and profitability of Greek commercial banks. Following the two-step procedure, (i) efficiency is derived via the non-parametric Data Envelopment Analysis (DEA) technique under the Variable Returns to Scale (VRS) assumption, and (ii) efficiency scores are linked to a series of determinants of bank efficiency using a Tobit regression model. We find that profitability (ROAA and ROAE), ATMs and capitalisation show a negative impact on the efficiency of Greek banks. We also report that banks' size, capitalisation, IT investments and ATMs do not have any effect on the ROAA or the ROAE but they have a positive effect on the fees and commissions. However, we find that ATMs have a negative effect on the net interest income.

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“…(2) join the two factors inflation rate and real interest rates instead of the nominal interest rate to study the relationships between interest rate liberalization and performance of BOC; (3) pay more attention to analyzing the interrelation and interaction between and among the banks' profitability, stock issues, and risks (Mihai Yiannaki, 2013).…”

Section: Further Researchmentioning

confidence: 99%

Interest Rates Liberalization or Economy Control: The Case of the Chinese Banking System

Mihai-Yiannaki

Rios‐Morales

2015

Journal of Transnational Management

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The Chinese Central Bank decided on June 8 and July 6, 2012, on the duplication and consecutive cut of the deposit and loan interest rates, together with the simultaneous loosening of the interest rate floating range of their financial institutions. Unquestionably, these measures resulted in a drastic change of the operating strategies of the whole banking system, for both nationalized and the private commercial banks. The article follows up on the causes and effects of these decisions in the Chinese banking arena, predicting a higher possible level of bad loans and followed by a higher systemic risk due to the three major banks' reactions and copy-cat decisions in fixing interest rates. The research methodology uses the GARCH (1,1) model and the VaR to identify the way the interests are adjusted and study if this decision indicated a real liberalization or rather a controlled interest rate change by the authorities. Eventually, the Chinese interest rate liberalization brought good and bad news to the economy, while the essence remains in how such liberalization is handled and what is intended for the entire economy.

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Tales of Motives in Bank M&As in Emerging Markets

Cited by 7 publications

References 61 publications

Impact of the Financial Crisis on Cross‐Border Mergers and Acquisitions and Concentration in the Global Banking Industry

Impact of the Financial Crisis on Cross‐Border Mergers and Acquisitions and Concentration in the Global Banking Industry

Number of ATMs, IT investments, bank profitability and efficiency in Greece

Interest Rates Liberalization or Economy Control: The Case of the Chinese Banking System

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