determinants of cross-border bank shareholdings

an analysis with bank-level data from OECD countries by Dario Focarelli

Publisher: Banca d"Italia in Roma

Written in English
Published: Pages: 48 Downloads: 300
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Edition Notes

Statementby D. Focarelli and A.F. Pozzolo.
SeriesTemi di discussione -- no.381
ContributionsPozzolo, Alberto Franco.
The Physical Object
Pagination48 p.
Number of Pages48
ID Numbers
Open LibraryOL18643785M

Ap WSPC/Book-B Cross-Border Banking: Regulatory Challenges Trim Size for 9in x 6in ch11 Competitive Implications of Cross-Border Banking Stijn Claessens∗ World Bank 1. Introduction Cross-border banking has long been an important part of the trend towards increased globalization and financial integration. In terms of this. Determinants of Cross-border Mergers and Acquisitions: A Comprehensive Review and Future Direction Abstract The purpose of this paper is to review and summarize earlier studies analyzing the determinants of cross-border mergers and acquisitions (M&As). We primarily describe the motives of cross-border acquisitions and present the market. cross-border deal differs from the evidence found in Focarelli and Pozzolo (). These authors find that this variable has a negative effect on cross-border bank entry using a sample of OECD countries. Nevertheless, their results only apply to the distribution of cross-border holdings of OECD banks in , rather than a dynamic analysis of entryCited by: The Determinants of Cross-Border Equity Transaction Flows Richard Portes* and Hélène Rey** July Abstract: We explore a new panel data set on bilateral gross cross-border equity flows between 14 countries, We show that a “gravity” model explains international transactions in financial assets at Cited by:

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): The vast majority of cross-border mergers involve private firms outside of the United States. We analyze a sample of 56, cross-border mergers between and We find that geography, the quality of accounting disclosure, and bilateral trade increase the likelihood of mergers between two countries. INTRODUCTION We consider in this paper the post wave of cross-border bank mergers and acquisitions (M&A) activity involving purchases of ownership stakes at target banks in emerging market economies (EME) by large (international) banks from industrialised countries. "Determinants of Cross-Border Bank Acquisitions in Transition Economies: A Latent Class Analysis", with Jakob de Haan, Economics of Transition, 18(4), pp. "Real Estate Prices and Bank Stability", with Michael Koetter, Journal of Banking and Finance, 36(4), pp. In the past 15 years, cross-border mergers and acquisitions have had an ever-increasing role in the process of bank internationalization. Although a consensus view has developed on the determinants Cited by:

3 Preface This thesis is the finalization of the Master of Science International Economics and Business at Utrecht University. The result is this study, in which I unravel the ins & outs of cross-border mergers and acquisitions at the macroeconomic level.   Cross-border funding between banks collapsed following the bankruptcy of Lehman Brothers, but the withdrawal of funding was not uniform across countries. This column argues that the composition of cross-border bank-to-bank funding can help to explain why. Interbank funding between unrelated banks is particularly vulnerable to global shocks, but intragroup funding between. the growth of cross-border banks because the financial systems of most EU countries are bank-based. The European Commission has expressed concern with the slow pace and size of cross-border takeovers, especially relative to domestic takeovers as discussed in Hernando, Nieto and Wall (). BACKGROUND: Being a developed economy the European Banking sector is undergoing a process of restricting which may be mainly because of ever permanent trends like disintermediation, deregulation and the ever increasing competition and the very obvious proof of this restricting is the increasing number of mergers and acquisitions. I f we look back we will [ ].

determinants of cross-border bank shareholdings by Dario Focarelli Download PDF EPUB FB2

Downloadable. TThis paper investigates which factors determine a bank's decision to expand its activities abroad and what determines its choice of the countries to invest in. The empirical analysis is conducted using firm-level data on foreign subsidiaries for a representative sample of nearly 2, OECD banks.

The results show that the banks with cross-border shareholdings are larger and have Cited by: The Determinants of Cross-Border Bank Shareholdings: An Analysis with Bank-Level Data from OECD Countries. The Determinants of Cross-Border Bank Share holdings: an Analysis with Bank-Level Data from OECD Countries.

Focarelli and Alberto Pozzolo (). Working Papers from Banca Italia - Servizio di Studi. Abstract: This paper investigates which factors determine a bank's decision to expand its activities abroad and what determines its choice of the countries to invest by: The results show that the banks with cross-border shareholdings are larger and have headquarters in countries with a more developed and efficient banking market.

They prefer to invest in countries where expected profits are larger, owing to higher expected economic growth and the prospect of reducing local banks' : Dario Focarelli and Alberto Franco Pozzolo.

This paper studies the determinants of cross‐border bank lending on a panel dataset comprising 17 advanced and 28 emerging market economies from to The empirical framework is based on a gravity model of financial flows. Our main findings are that the decrease in cross‐border lending in the – crisis was mostly due to Cited by: Determinants of Cross-Border Mergers and Acquisitions to charge profit-maximizing prices but not for the premerger separate firms to scanfurtherlowerthecombinedtaxliabilityFile Size: KB.

Cross-border operations have followed this trend, creating global companies operating in all major world markets. In this paper we study the pattern of cross-border M&As in the banking industry relative to the non-financial sector of the economy and investigate which factors make it more likely that a bank will expand its ctivities by: Determinants of Domestic and Cross-Border Bank Acquisitions in the European Union Ignacio Hernando, María J.

Nieto, and Larry D. Wall Working Paper December Abstract: This paper analyzes the determinants of bank ac quisitions both within and across 25 members of the European Union (EU) during the period – DETERMINANTS OF NATIONAL AND CROSS BORDER BANK ACQUISITIONS IN THE EUROPEAN UNION Ignacio Hernando María J.

Nieto Larry Wall* Draft July, 31, Please, do not quote Abstract This paper analyzes the determinants of bank acquisitions both within and across countries in the EU over the period The Patterns of Cross-Border Bank Mergers and Shareholdings in OECD Countries, Journal of Banking and Finance, 25, pp.

– CrossRef Google Scholar Focarelli, D., and A. Pozzolo. Cited by: 2. TThis paper investigates which factors determine a bank's decision to expand its activities abroad and what determines its choice of the countries to invest in. The empirical analysis is conducted using firm-level data on foreign subsidiaries for.

Determinants of Cross-Border Mergers and Acquisitions ISIL EREL, ROSE C. LIAO and MICHAEL S. WEISBACH* ABSTRACT The vast majority of cross-border mergers involve private firms outside of the United States.

We analyze a sample of 56, cross-border mergers between and What little has been written about cross-border mergers has focused on public firms, usually from the United States.

Yet, the vast majority of cross-border mergers involve private firms that are not from the United States. We provide an analysis of a sample of 56. Obviously, cross border M&A is a transaction of control rights between companies in two or more countries. Although the goals of cross-border M&A are often said to be creating value for the shareholders of acquiring companies, the results are far apart from the stated by: (editorial assistant).the determinants of cross-border bank shareholdings: an analysis with bank-level data from oecd countries By D.

Focarelli, A. Pozzolo, Andrea Brandolini, Fabrizio Balassone, Matteo Bugamelli, Fabio Busetti, Luca Dedola, Patrizio Pagano, Paolo Zaffaroni, Raffaela Bisceglia, Dario Focarelli and Alberto Franco Pozzolo. "The Determinants of Cross-Border Bank Shareholdings; an Analysis with Bank-Level Data from OECD Countries," Temi di discussione (Economic working papers)Bank of Italy, Economic Research and International Relations Area.

The analysis of ARs for the cross-border and domestic M&A reveals that acquirers’ shareholders earn AAR of per cent (significant at 1 %) on the announcement day for cross-border M&A. The proportion of stocks having positive return on the announcement day is more than 66 per by: 6. BibTeX @MISC{Focarelli_(editorialassistant).the, author = {D.

Focarelli and A. Pozzolo and Andrea Brandolini and Fabrizio Balassone and Matteo Bugamelli and Fabio Busetti and Luca Dedola and Patrizio Pagano and Paolo Zaffaroni and Raffaela Bisceglia and Dario Focarelli and Alberto Franco Pozzolo}, title = {(Editorial Assistant).THE DETERMINANTS OF CROSS-BORDER BANK SHAREHOLDINGS: AN.

This paper examines the announcement effect of 96 international cross-border bank mergers between and Contrary to earlier evidence, transactions are found to be value-creating, albeit Author: Dirk Schmautzer.

The empirical study at hand investigates new determinants of cross-border bank lending between 13 OECD and 51 emerging markets for the period from to and contributes to the strand of literature analyzing external (push) factors and domestic (pull) factors that may impact bank lending to emerging by:   Between andwe identify 73 cross-border bank mergers and acquisitions (M&A) transactions in which international banks acquired ownership stakes in 46 listed banks in emerging market economies (EME).

A total of $ billion of bank assets was acquired for $ billion in Latin America, Central and Eastern Europe, and Asia. Using event study methods, we establish (1) whether Cited by: Cross-Border Banking and Macroeconomic Determinants Mary Everett Central Bank of Ireland Vahagn Galstyan Trinity College Dublin February Abstract This paper studies the bilateral determinants of the international asset positions of banks, and subsequent bilateral adjustment during the global financial crisis and ensuing recovery phase.

Cross-Border Bank Flows and Monetary Policy Abstract We analyze the impact of monetary policy on bilateral cross-border bank ows using the BIS Locational Banking Statistics between and We nd that monetary policy in the source countries is an important determinant of cross-border bank ows.

InCited by: 4. The patterns of cross-border bank mergers and shareholdings in OECD countries. Journal of Banking and Fina has been cited by the following article.

Cross-border banking, while having the potential for a more efficient financial sector, also creates potential challenges for bank supervisors and regulators. It requires cooperation by regulatory authorities across jurisdictions and a clear delineation of authority and responsibility.

estimating the determinants of cross-border merger propensities (as we do below). We also break down the sample by whether the acquirer and target are from developing or developed countries, using the World Bank definition of “high income” economies. Cross-Border Bank Flows and Monetary Policy Abstract We find that global banks increase their cross-border lending when domestic monetary policy is tight.

Using the BIS bilateral cross-border claims between source and recipient country pairs allows us to separate demand and. The purpose of this paper is to review and summarize earlier studies analyzing the determinants of cross-border mergers and acquisitions (M&As).

We primarily describe the motives of cross-border acquisitions and present the market performance for corporate control transactions over the period Then, we illustrate the factors affecting cross-border investments and acquisitions in. and cross-border bank acquisitions in the european union documentos de trabajo n.º determinants of domestic and cross-border bank acquisitions in the european union.

determinants of domestic and cross-border bank acquisitions in the european union(*) ignacio hernando and maría j. nieto banco de espaÑa larry d. wall. bank performance of bank-specific factors, such as risk, market power, and regulatory costs.

More recently, research has focused on the impact of macroeconomic factors on bank performance. Using accounting decompositions, as well as panel regressions, Al-Haschimi () studies the determinants of bank net interest rate margins in 10 SSA Size: KB.

Determinants of domestic and cross-border bank M&As in European countries 1. Introduction Background Bank mergers and acquisitions (M&As) are playing important roles as corporate strategy actions that are vital for the banks in order to remain competitiveness and survive in this global world.Cross-border banking in Europe remained rather limited until the launching of the Euro.

In theory, it is possible for large cross-border banks to expand their activities via the opening of de novo operations. However, practice around the world has shown that de novo operations are usually a costly and slow way for a bank to enter a new market.Dario Focarelli, Alberto Franco Pozzolo, The patterns of cross-border bank mergers and shareholdings in OECD countries, Journal of Banking & Finance, /S(01), 25, Cited by: