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dc.creatorLausberg, Carsten
dc.date.accessioned2012-06-07T22:32:33Z
dc.date.available2012-06-07T22:32:33Z
dc.date.created1993
dc.date.issued1993
dc.identifier.urihttps://hdl.handle.net/1969.1/ETD-TAMU-1993-THESIS-L388
dc.descriptionDue to the character of the original source materials and the nature of batch digitization, quality control issues may be present in this document. Please report any quality issues you encounter to digital@library.tamu.edu, referencing the URI of the item.en
dc.descriptionIncludes bibliographical references.en
dc.description.abstractThis thesis deals with mergers and acquisitions that were undertaken by the largest European banks between 1985 and 1992. On the basis of an empirical survey among executives from 61 banks and a survey of financial news sources, the study finds that the number of merger events increased significantly in 1988 and peaked in 1989. The same sources indicate that on the macro level the Second Banking Directive of 1988, which prescribed the integration of Europe's financial markets by the end of 1992, was the main reason for the merger trend. On the level of the individual firm, the thesis finds that significantly often, European banks in the past merged because of the following five reasons: (1) to achieve economies of scale, (2) to diversify into new geographic markets, (3) to achieve a sufficient size, (4) to reduce overlaps, or (5) to implement a change of strategy. A survey of the academic literature in the third part of this thesis tries to evaluate some of those motivations. Regarding economies of scale and efficient bank size, there seems to be no consensus among academics. While existence of economies of scale for large banks was mostlythe negated in earlier studies, several recent articles suggest a reevaluation of that opinion. The thesis concludes with an analysis of some factors that are commonly believed to be success factors in bank mergers. Several sources suggest that management skills are a crucial factor which can make the difference between the success or failure of a merger.en
dc.format.mediumelectronicen
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.publisherTexas A&M University
dc.rightsThis thesis was part of a retrospective digitization project authorized by the Texas A&M University Libraries in 2008. Copyright remains vested with the author(s). It is the user's responsibility to secure permission from the copyright holder(s) for re-use of the work beyond the provision of Fair Use.en
dc.subjectfinance.en
dc.subjectMajor finance.en
dc.titleReasons for bank mergers in Europe since 1985en
dc.typeThesisen
thesis.degree.disciplinefinanceen
thesis.degree.nameM.S.en
thesis.degree.levelMastersen
dc.type.genrethesisen
dc.type.materialtexten
dc.format.digitalOriginreformatted digitalen


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