{"id":"https://openalex.org/W2010137368","doi":"https://doi.org/10.1007/s10693-012-0132-4","title":"How Do Stock Markets in the US and Europe Price Efficiency Gains from Bank M&As?","display_name":"How Do Stock Markets in the US and Europe Price Efficiency Gains from Bank M&As?","publication_year":2012,"publication_date":"2012-03-27","ids":{"openalex":"https://openalex.org/W2010137368","doi":"https://doi.org/10.1007/s10693-012-0132-4","mag":"2010137368"},"language":"en","primary_location":{"id":"doi:10.1007/s10693-012-0132-4","doi":"https://doi.org/10.1007/s10693-012-0132-4","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s10693-012-0132-4","pdf_url":null,"source":{"id":"https://openalex.org/S79175213","display_name":"Journal of Financial Services Research","issn_l":"0920-8550","issn":["0920-8550","1573-0735"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Services Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5084656350","display_name":"Dimitris K. Chronopoulos","orcid":"https://orcid.org/0000-0002-2288-4842","observed_orcids":["https://orcid.org/0000-0002-2288-4842"]},"institutions":[{"id":"https://openalex.org/I16835326","display_name":"University of St Andrews","ror":"https://ror.org/02wn5qz54","country_code":"GB","type":"education","lineage":["https://openalex.org/I16835326"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Dimitris K. Chronopoulos","raw_affiliation_strings":["School of Management, University of St Andrews, The Gateway, North Haugh, St Andrews, Fife, KY16 9RJ, UK","School of Management, University of St. Andrews , St. Andrews, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, University of St Andrews, The Gateway, North Haugh, St Andrews, Fife, KY16 9RJ, UK","institution_ids":["https://openalex.org/I16835326"]},{"raw_affiliation_string":"School of Management, University of St. Andrews , St. Andrews, UK","institution_ids":["https://openalex.org/I16835326"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5042365838","display_name":"Claudia Girardone","orcid":"https://orcid.org/0000-0002-7347-7526","observed_orcids":["https://orcid.org/0000-0002-7347-7526"]},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Claudia Girardone","raw_affiliation_strings":["Essex Business School, University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, UK","Essex Business School , University of Essex , Colchester, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Essex Business School, University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, UK","institution_ids":["https://openalex.org/I110002522"]},{"raw_affiliation_string":"Essex Business School , University of Essex , Colchester, UK","institution_ids":["https://openalex.org/I110002522"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5083691906","display_name":"John C. Nankervis","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"John C. Nankervis","raw_affiliation_strings":["Essex Business School, University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, UK","Essex Business School , University of Essex , Colchester, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Essex Business School, University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, UK","institution_ids":["https://openalex.org/I110002522"]},{"raw_affiliation_string":"Essex Business School , University of Essex , Colchester, UK","institution_ids":["https://openalex.org/I110002522"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5084656350"],"corresponding_institution_ids":["https://openalex.org/I16835326"],"apc_list":{"value":3090,"currency":"USD","value_usd":3090},"apc_paid":null,"fwci":2.4761,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.92407331,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"43","issue":"3","first_page":"243","last_page":"263"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.6118000149726868,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.6118000149726868,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.25119999051094055,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10357","display_name":"Efficiency Analysis Using DEA","score":0.08590000122785568,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bank-mergers-and-acquisitions","display_name":"bank mergers and acquisitions","score":0.9739999771118164},{"id":"https://openalex.org/keywords/operational-efficiency","display_name":"operational efficiency","score":0.6700000166893005},{"id":"https://openalex.org/keywords/profit-efficiency","display_name":"profit efficiency","score":0.8450000286102295},{"id":"https://openalex.org/keywords/cost-efficiency","display_name":"cost efficiency","score":0.7699999809265137},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.6840000152587891},{"id":"https://openalex.org/keywords/merger-premiums","display_name":"merger premiums","score":0.7429999709129333},{"id":"https://openalex.org/keywords/target-shareholders","display_name":"target shareholders","score":0.4909999966621399},{"id":"https://openalex.org/keywords/capital-market-development","display_name":"capital market development","score":0.6919999718666077},{"id":"https://openalex.org/keywords/regional-variation","display_name":"regional variation","score":0.5600000023841858}],"concepts":[{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.7737334966659546},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5878046751022339},{"id":"https://openalex.org/C548217281","wikidata":"https://www.wikidata.org/wiki/Q731112","display_name":"Mergers and acquisitions","level":2,"score":0.5843167901039124},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5327560901641846},{"id":"https://openalex.org/C22088475","wikidata":"https://www.wikidata.org/wiki/Q647974","display_name":"Data envelopment analysis","level":2,"score":0.5252109169960022},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5244196653366089},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.4578082263469696},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.43959957361221313},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3608340919017792},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3450106680393219},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.26779115200042725},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.16883352398872375},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.1677500307559967},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1007/s10693-012-0132-4","doi":"https://doi.org/10.1007/s10693-012-0132-4","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s10693-012-0132-4","pdf_url":null,"source":{"id":"https://openalex.org/S79175213","display_name":"Journal of Financial Services Research","issn_l":"0920-8550","issn":["0920-8550","1573-0735"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Services Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:kap:jfsres:v:43:y:2013:i:3:p:243-263","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1007/s10693-012-0132-4","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:repository.essex.ac.uk:5232","doi":null,"is_oa":false,"landing_page_url":"http://repository.essex.ac.uk/5232/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401236","display_name":"Open Access at Essex (University of Essex)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I110002522","host_organization_name":"University of Essex","host_organization_lineage":["https://openalex.org/I110002522"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.4099999964237213,"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320320276","display_name":"University of Leicester","ror":"https://ror.org/04h699437"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":82,"referenced_works":["https://openalex.org/W1488073887","https://openalex.org/W1523761979","https://openalex.org/W1542057686","https://openalex.org/W1562361304","https://openalex.org/W1968212878","https://openalex.org/W1968270959","https://openalex.org/W1969978487","https://openalex.org/W1972027354","https://openalex.org/W1974745763","https://openalex.org/W1978175480","https://openalex.org/W1980513961","https://openalex.org/W1988219958","https://openalex.org/W1989829902","https://openalex.org/W1995448109","https://openalex.org/W1996594817","https://openalex.org/W2008426616","https://openalex.org/W2009198911","https://openalex.org/W2014131931","https://openalex.org/W2020589114","https://openalex.org/W2021911776","https://openalex.org/W2021918968","https://openalex.org/W2024701722","https://openalex.org/W2038309987","https://openalex.org/W2038852951","https://openalex.org/W2044275817","https://openalex.org/W2051570131","https://openalex.org/W2058950351","https://openalex.org/W2062738382","https://openalex.org/W2068518527","https://openalex.org/W2076452041","https://openalex.org/W2078629778","https://openalex.org/W2082550155","https://openalex.org/W2086421739","https://openalex.org/W2086836496","https://openalex.org/W2087512109","https://openalex.org/W2092970829","https://openalex.org/W2095210265","https://openalex.org/W2097935723","https://openalex.org/W2098861776","https://openalex.org/W2101718392","https://openalex.org/W2107406443","https://openalex.org/W2111652331","https://openalex.org/W2112630300","https://openalex.org/W2121525903","https://openalex.org/W2122450421","https://openalex.org/W2122791756","https://openalex.org/W2128778916","https://openalex.org/W2129347581","https://openalex.org/W2129763896","https://openalex.org/W2133864799","https://openalex.org/W2137994820","https://openalex.org/W2142541155","https://openalex.org/W2142694635","https://openalex.org/W2145587596","https://openalex.org/W2150788039","https://openalex.org/W2152343877","https://openalex.org/W2154718048","https://openalex.org/W2160832017","https://openalex.org/W2162180338","https://openalex.org/W2166275988","https://openalex.org/W2166384404","https://openalex.org/W2167246853","https://openalex.org/W2229147025","https://openalex.org/W2232952850","https://openalex.org/W2497916868","https://openalex.org/W2506368504","https://openalex.org/W2570598685","https://openalex.org/W2747531703","https://openalex.org/W2891680107","https://openalex.org/W3121192107","https://openalex.org/W3121572833","https://openalex.org/W3121608236","https://openalex.org/W3121910059","https://openalex.org/W3122820231","https://openalex.org/W3124170885","https://openalex.org/W3124530793","https://openalex.org/W3125913577","https://openalex.org/W3126017045","https://openalex.org/W3126121634","https://openalex.org/W3146425672","https://openalex.org/W4299295180","https://openalex.org/W4299799652"],"related_works":["https://openalex.org/W3039983717","https://openalex.org/W2497916868","https://openalex.org/W2078629778","https://openalex.org/W386332400","https://openalex.org/W2486675578","https://openalex.org/W1510474150","https://openalex.org/W2046317136","https://openalex.org/W7100504818","https://openalex.org/W2009315985","https://openalex.org/W2788823061"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}