The reduction in barriers to mergers and acquisitions, both within and across countries, has faci... more The reduction in barriers to mergers and acquisitions, both within and across countries, has facilitated the ability of firms everywhere to pursue their expansion goals. In particular, the World Trade Organization, with its approximately 150 member countries, has helped open wider the doors to cross-border consolidations. This article examines bank mergers in an effort to identify factors that explain both the number and value of all deals completed, as well as separately for both within country (domestic) and across country (cross-border) mergers and acquisitions. We specifically focus on the importance of several entry barrier, bank regulatory, macro-governance, and macro-economic country-specific variables in explaining bank mergers and acquisitions from 1995 to 2007 drawing upon new and unique datasets. This type of information should prove useful to policymakers, analysts and other individuals trying to better understand where and to what extent bank consolidation is occurring and some of the factors that provide an incentive or, conversely, a barrier to do banking deals around the world.
The reduction in barriers to mergers and acquisitions, both within and across countries, has faci... more The reduction in barriers to mergers and acquisitions, both within and across countries, has facilitated the ability of firms everywhere to pursue their expansion goals. In particular, the World Trade Organization, with its approximately 150 member countries, has helped open wider the doors to cross-border consolidations. This article examines bank mergers in an effort to identify factors that explain both the number and value of all deals completed, as well as separately for both within country (domestic) and across country (cross-border) mergers and acquisitions. We specifically focus on the importance of several entry barrier, bank regulatory, macro-governance, and macro-economic country-specific variables in explaining bank mergers and acquisitions from 1995 to 2007 drawing upon new and unique datasets. This type of information should prove useful to policymakers, analysts and other individuals trying to better understand where and to what extent bank consolidation is occurring and some of the factors that provide an incentive or, conversely, a barrier to do banking deals around the world.
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Papers by Keven Yost