Merging activity in the greek banking system: a financial accounting perspective

dc.contributor.authorΜυλωνίδης, Νικόλαοςel
dc.contributor.authorKelnikola, I.en
dc.date.accessioned2015-11-24T17:04:20Z
dc.date.available2015-11-24T17:04:20Z
dc.identifier.urihttps://olympias.lib.uoi.gr/jspui/handle/123456789/11162
dc.rightsDefault Licence-
dc.subjectBanksen
dc.subjectM&Asen
dc.subjectoperating performanceen
dc.subjectevent studyen
dc.titleMerging activity in the greek banking system: a financial accounting perspectiveen
heal.abstractThe purpose of this paper is to assess the overall financial performance and value implications of recent mergers and acquisitions in the Greek banking system. The operating performance (OP) methodology is based on accounting data and observes the pre- and post-merger financial performance of banks. The event study approach utilizes stock returns of acquiring and target banks around the announcement date of the merger to determine the presence of abnormal returns. Consistent with the international literature, OP results do not provide much evidence of performance gains resulting from bank mergers. Nevertheless, merged banks seem to outperform the group of non-merging banks. The event study approach indicates that mergers create value on a net aggregate basis.en
heal.accesscampus-
heal.fullTextAvailabilityTRUE-
heal.journalNameSouth Eastern Europe Journal of Economicsen
heal.journalTypepeer reviewed-
heal.languageen-
heal.publicationDate2005-
heal.recordProviderΠανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημώνel
heal.typejournalArticle-
heal.type.elΆρθρο Περιοδικούel
heal.type.enJournal articleen

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