Why do Acquiring Banks in Mergers Concentrate in Well-Developed Areas? Regional Development and Mergers and Acquisitions (M&As) in Banking

Luca Vittorio Angelo Colombo*, Gilberto Turati

*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

6 Citazioni (Scopus)

Abstract

The paper focuses on all mergers and acquisitions\r\n(M&As) transactions of regional relevance that occurred in the Italian banking sector between 1995 and 2006. A strong direct\r\neffect of regional economic and social characteristics on the concentration of the banking industry in Italy is found, as well as\r\non the agglomeration of acquiring banks in well-developed regions. This effect survives to a number of robustness checks, including\r\ncontrols for banks’ profitability and efficiency, and for their institutional characteristics, indicated by the banking literature as\r\nthe key factors driving concentration in banking. Possible theoretical explanations supporting the empirical findings are also investigated,\r\nand their policy implications are discussed.
Lingua originaleEnglish
pagine (da-a)363-381
RivistaRegional Studies
Volume2014
Numero di pubblicazione48/2
DOI
Stato di pubblicazionePubblicato - 2014

All Science Journal Classification (ASJC) codes

  • ???subjectarea.asjc.2300.2300???
  • ???subjectarea.asjc.3300.3300???

Keywords

  • Banking mergers and acquisitions (M&As)
  • Profitability
  • Regional economic and social conditions

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