Are There Conditions That Can Predict When an M&A Works? The Case of Italian Listed Banks-Reference-Cited by-同舟云学术

Are There Conditions That Can Predict When an M&A Works? The Case of Italian Listed Banks

Published:2024-02-26 Issue:3 Volume:12 Page:58
ISSN:2227-7099
Container-title:Economies
language:en
Short-container-title:Economies

Author:

Arbolino Roberta¹,Boffardi Raffaele¹,Kounetas Konstantinos²^ORCID,Marani Ugo¹,Napolitano Oreste³

Affiliation:

1. Department of Human and Social Science, University of Naples L’Orientale, 80134 Naples, Italy

2. Department of Economics, University of Patras, 26504 Patras, Greece

3. Department of Business and Economic Studies, University of Naples Parthenope, 80132 Naples, Italy

Abstract

This paper investigates the impact in the short/medium term of M&As made by 14 Italian banks quoted on the stock exchange for the period 1999–2016. After dividing the banks into two groups by size and degree of internationalisation, we sought to ascertain whether different initial conditions produce different final effects. Based on three assumptions, supported by three separate econometric approaches, our empirical analysis shows that the stronger banks increased their competitiveness while the weaker banks did not achieve the same results since they were motivated to grow “by desperation”.

Publisher

MDPI AG

Link

https://www.mdpi.com/2227-7099/12/3/58/pdf

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