An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector
This study investigates the impacts of mergers and acquisitions (M&As) on banks’ performance. The focus on a sample of large US banks involved in M&As during the period of 2006 to 2012. An examination of the effects of mergers and acquisitions on banks’ performances is made using the panel d...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2013
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| Online Access: | https://eprints.nottingham.ac.uk/26900/ |
| _version_ | 1848793269146746880 |
|---|---|
| author | ZENG, WEI YUAN |
| author_facet | ZENG, WEI YUAN |
| author_sort | ZENG, WEI YUAN |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This study investigates the impacts of mergers and acquisitions (M&As) on banks’ performance. The focus on a sample of large US banks involved in M&As during the period of 2006 to 2012. An examination of the effects of mergers and acquisitions on banks’ performances is made using the panel data model. The analysis presents evidence that M&A activity has a significant influence on the US banks’ performance.
The study involves comparing with bank profitability ratios such as return on equity (ROE) and return on assets (ROA) of both merged banks and non-merged banks. The results indicate that the performances between merged and non-merged banks are different based on ROE and ROA as a measurement; because the former type of banks tend to pursue higher growth, economics of scale and greater capitalisation than non-merged banks. However, results did not show that mergers and acquisitions have a beneficial effect on shareholder’s value as measured by return on equity.
Key words: Bank M&A, Profitability and performance, Shareholder Value, ROE and ROA. |
| first_indexed | 2025-11-14T18:57:37Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-26900 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:57:37Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-269002017-10-19T13:44:44Z https://eprints.nottingham.ac.uk/26900/ An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector ZENG, WEI YUAN This study investigates the impacts of mergers and acquisitions (M&As) on banks’ performance. The focus on a sample of large US banks involved in M&As during the period of 2006 to 2012. An examination of the effects of mergers and acquisitions on banks’ performances is made using the panel data model. The analysis presents evidence that M&A activity has a significant influence on the US banks’ performance. The study involves comparing with bank profitability ratios such as return on equity (ROE) and return on assets (ROA) of both merged banks and non-merged banks. The results indicate that the performances between merged and non-merged banks are different based on ROE and ROA as a measurement; because the former type of banks tend to pursue higher growth, economics of scale and greater capitalisation than non-merged banks. However, results did not show that mergers and acquisitions have a beneficial effect on shareholder’s value as measured by return on equity. Key words: Bank M&A, Profitability and performance, Shareholder Value, ROE and ROA. 2013-10-04 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/26900/1/Dissertation--finanl_submit_--ZENG.pdf ZENG, WEI YUAN (2013) An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | ZENG, WEI YUAN An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector |
| title | An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector |
| title_full | An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector |
| title_fullStr | An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector |
| title_full_unstemmed | An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector |
| title_short | An empirical study on the effect of M&A on banks’ performance & shareholders’ value in the US banking sector |
| title_sort | empirical study on the effect of m&a on banks’ performance & shareholders’ value in the us banking sector |
| url | https://eprints.nottingham.ac.uk/26900/ |