What drives cross-border M&As in commercial banking?

Detalhes bibliográficos
Autor(a) principal: Gulamhussen, M. A.
Data de Publicação: 2016
Outros Autores: Hennart, J. F., Pinheiro, C.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/19963
Resumo: Using a gravity model, we analyze the determinants of the probability that commercial banks in 89 acquiring countries and 118 target countries will undertake M&As over a 30-year period (1981–2010) and of the value of these M&As. We find that the value of cross-border M&As increases with the size of the acquiring country, and that both the probability and value of M&As vary positively with the depth of the financial market in acquirer countries and the presence of corporate and non-corporate customers from acquiring countries in target countries, and negatively with the geographic, psychic, and time zone distances between acquirer and target countries. Our study highlights the role of non-corporate customers and of psychic distance in the cross-border expansion of commercial banks through M&As.
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spelling What drives cross-border M&As in commercial banking?International bankingMarket entryBanksMergers and acquisitionsUsing a gravity model, we analyze the determinants of the probability that commercial banks in 89 acquiring countries and 118 target countries will undertake M&As over a 30-year period (1981–2010) and of the value of these M&As. We find that the value of cross-border M&As increases with the size of the acquiring country, and that both the probability and value of M&As vary positively with the depth of the financial market in acquirer countries and the presence of corporate and non-corporate customers from acquiring countries in target countries, and negatively with the geographic, psychic, and time zone distances between acquirer and target countries. Our study highlights the role of non-corporate customers and of psychic distance in the cross-border expansion of commercial banks through M&As.Elsevier2020-02-26T11:11:09Z2016-01-01T00:00:00Z20162021-03-22T13:59:37Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/19963eng0378-426610.1016/j.jbankfin.2016.07.007Gulamhussen, M. A.Hennart, J. F.Pinheiro, C.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-07-07T03:53:57Zoai:repositorio.iscte-iul.pt:10071/19963Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-07-07T03:53:57Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv What drives cross-border M&As in commercial banking?
title What drives cross-border M&As in commercial banking?
spellingShingle What drives cross-border M&As in commercial banking?
Gulamhussen, M. A.
International banking
Market entry
Banks
Mergers and acquisitions
title_short What drives cross-border M&As in commercial banking?
title_full What drives cross-border M&As in commercial banking?
title_fullStr What drives cross-border M&As in commercial banking?
title_full_unstemmed What drives cross-border M&As in commercial banking?
title_sort What drives cross-border M&As in commercial banking?
author Gulamhussen, M. A.
author_facet Gulamhussen, M. A.
Hennart, J. F.
Pinheiro, C.
author_role author
author2 Hennart, J. F.
Pinheiro, C.
author2_role author
author
dc.contributor.author.fl_str_mv Gulamhussen, M. A.
Hennart, J. F.
Pinheiro, C.
dc.subject.por.fl_str_mv International banking
Market entry
Banks
Mergers and acquisitions
topic International banking
Market entry
Banks
Mergers and acquisitions
description Using a gravity model, we analyze the determinants of the probability that commercial banks in 89 acquiring countries and 118 target countries will undertake M&As over a 30-year period (1981–2010) and of the value of these M&As. We find that the value of cross-border M&As increases with the size of the acquiring country, and that both the probability and value of M&As vary positively with the depth of the financial market in acquirer countries and the presence of corporate and non-corporate customers from acquiring countries in target countries, and negatively with the geographic, psychic, and time zone distances between acquirer and target countries. Our study highlights the role of non-corporate customers and of psychic distance in the cross-border expansion of commercial banks through M&As.
publishDate 2016
dc.date.none.fl_str_mv 2016-01-01T00:00:00Z
2016
2020-02-26T11:11:09Z
2021-03-22T13:59:37Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/19963
url http://hdl.handle.net/10071/19963
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0378-4266
10.1016/j.jbankfin.2016.07.007
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv mluisa.alvim@gmail.com
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