Financial cooperatives play an important role in the financial systems of many countries.
They act as a safe haven for deposits and are major sources of credit for households and …

This paper provides a review of the recent financial institution mergers and acquisition
(M&A) literature covering over 150 studies. Several robust themes emerge in the post-2000 …

We compare the efficiency of Islamic and conventional banks during the period 2004–2009
using data envelopment analysis (DEA) and meta-frontier analysis (MFA). The use of the …

This paper analyzes the effect of the business cycle on the regulatory capital buffers of
German local banks in the period 1993–2004. The capital buffers are found to fluctuate …

We study the intense wave of mergers among Italian mutual cooperative banks (Banche di
Credito Cooperativo, BCCs) trying to assess whether those mergers were efficiency …

Mergers and acquisitions represent the ultimate in change for a business. Despite this, it is
common knowledge that mergers and acquisitions do fail and they do not necessarily create …

The question of whether or not mergers and acquisitions have helped to enhance banks'
efficiency and profitability has not yet been conclusively resolved in the literature. We argue …

A large body of literature investigates various sources of bank efficiency. Nonetheless, little
empirical evidence is available on the role played by institutional quality. Further, the extant …

Mergers and acquisitions are frequently justified in terms of value creation or efficiency
improvements. Nevertheless, the evidence is not consistent with the existence of benefits in …

Provides a detailed analytical assessment of the merger and acquisition phenomenon in
banking. It advances the prior literature focusing on some specific aspects that have been …