Publication
What drives cross-border M&As in commercial banking?
| dc.contributor.author | Pinheiro, Carlos Manuel | |
| dc.contributor.author | Gulamhussem, Azzim | |
| dc.contributor.author | Hennart, Jean-François | |
| dc.date.accessioned | 2017-04-17T09:26:44Z | |
| dc.date.available | 2017-04-17T09:26:44Z | |
| dc.date.issued | 2016-07-22 | |
| dc.description.abstract | 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. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.doi | http://doi.org/10.1016/j.jbankfin.2016.07.007 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.21/6921 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.publisher | Journal of Banking & Finance | pt_PT |
| dc.relation.ispartofseries | Supplement, November 2016; | |
| dc.relation.publisherversion | http://www.sciencedirect.com/science/journal/03784266/72/supp/S | pt_PT |
| dc.subject | International banking | pt_PT |
| dc.subject | Market entry | pt_PT |
| dc.subject | Banks | pt_PT |
| dc.subject | Mergers and acquisitions | pt_PT |
| dc.title | What drives cross-border M&As in commercial banking? | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | S18 | pt_PT |
| oaire.citation.startPage | S6 | pt_PT |
| oaire.citation.title | Journal of Banking and Finance | pt_PT |
| oaire.citation.volume | Volume 72, | pt_PT |
| person.familyName | Pinheiro | |
| person.givenName | Carlos Manuel | |
| person.identifier.ciencia-id | 2C1B-4A80-41CE | |
| person.identifier.orcid | 0000-0001-8897-0332 | |
| person.identifier.scopus-author-id | 55263327900 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
| relation.isAuthorOfPublication | 27ead5c8-b07e-44be-b37c-009c4fcc7c08 | |
| relation.isAuthorOfPublication.latestForDiscovery | 27ead5c8-b07e-44be-b37c-009c4fcc7c08 |