{"id":"https://openalex.org/W2089448441","doi":"https://doi.org/10.1111/j.1468-036x.2007.00411.x","title":"The Euro and the Changing Face of European Banking: Evidence from Mergers and Acquisitions","display_name":"The Euro and the Changing Face of European Banking: Evidence from Mergers and Acquisitions","publication_year":2007,"publication_date":"2007-10-30","ids":{"openalex":"https://openalex.org/W2089448441","doi":"https://doi.org/10.1111/j.1468-036x.2007.00411.x","mag":"2089448441"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-036x.2007.00411.x","doi":"https://doi.org/10.1111/j.1468-036x.2007.00411.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-036x.2007.00411.x","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://durham-repository.worktribe.com/output/1546935","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051469453","display_name":"Manapol Ekkayokkaya","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]}],"countries":["TH"],"is_corresponding":true,"raw_author_name":"Manapol Ekkayokkaya","raw_affiliation_strings":["Department of Banking and Finance, Chulalongkorn UniversityE-mail: [email protected]","Department of Banking and Finance, Chulalongkorn UniversityE\u2010mail: Manapol@acc.chula.ac.th"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Banking and Finance, Chulalongkorn UniversityE-mail: [email protected]","institution_ids":["https://openalex.org/I158708052"]},{"raw_affiliation_string":"Department of Banking and Finance, Chulalongkorn UniversityE\u2010mail: Manapol@acc.chula.ac.th","institution_ids":["https://openalex.org/I158708052"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5111803210","display_name":"Phil Holmes","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I130828816","display_name":"University of Leeds","ror":"https://ror.org/024mrxd33","country_code":"GB","type":"education","lineage":["https://openalex.org/I130828816"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Phil Holmes","raw_affiliation_strings":["Leeds University Business School, Maurice Keyworth Building, University of Leeds, LS2 9JT, UKE-mail: [email protected]","Leeds University Business School, Maurice Keyworth Building, University of Leeds, LS2 9JT, UK E-mail: P.R.Holmes@lubs.leeds.ac.uk"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Leeds University Business School, Maurice Keyworth Building, University of Leeds, LS2 9JT, UKE-mail: [email protected]","institution_ids":["https://openalex.org/I130828816"]},{"raw_affiliation_string":"Leeds University Business School, Maurice Keyworth Building, University of Leeds, LS2 9JT, UK E-mail: P.R.Holmes@lubs.leeds.ac.uk","institution_ids":["https://openalex.org/I130828816"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5056984721","display_name":"Krishna Paudyal","orcid":"https://orcid.org/0000-0002-0372-304X","observed_orcids":["https://orcid.org/0000-0002-0372-304X"]},"institutions":[{"id":"https://openalex.org/I130828816","display_name":"University of Leeds","ror":"https://ror.org/024mrxd33","country_code":"GB","type":"education","lineage":["https://openalex.org/I130828816"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Krishna Paudyal","raw_affiliation_strings":["Leeds University Business School, Maurice Keyworth Building, University of Leeds, Leeds, LS2 9JT, UKE-mail: [email protected]","Accounting And Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Leeds University Business School, Maurice Keyworth Building, University of Leeds, Leeds, LS2 9JT, UKE-mail: [email protected]","institution_ids":["https://openalex.org/I130828816"]},{"raw_affiliation_string":"Accounting And Finance","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5051469453","https://openalex.org/A5056984721","https://openalex.org/A5111803210"],"corresponding_institution_ids":["https://openalex.org/I130828816","https://openalex.org/I158708052"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":12.6978,"has_fulltext":false,"cited_by_count":48,"citation_normalized_percentile":{"value":0.98140603,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"15","issue":"2","first_page":"451","last_page":"476"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9071999788284302,"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":0.9071999788284302,"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":0.05979999899864197,"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/T14317","display_name":"Finance, Markets, and Regulation","score":0.007799999788403511,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/euro-adoption","display_name":"euro adoption","score":0.777999997138977},{"id":"https://openalex.org/keywords/european-banking-sector","display_name":"European banking","score":0.8149999976158142},{"id":"https://openalex.org/keywords/mergers-and-acquisitions","display_name":"mergers and acquisitions","score":0.8679999709129333},{"id":"https://openalex.org/keywords/economic-and-monetary-union","display_name":"European Monetary Union","score":0.8920000195503235},{"id":"https://openalex.org/keywords/euro-area","display_name":"euro area","score":0.7390000224113464},{"id":"https://openalex.org/keywords/market-integration","display_name":"market integration","score":0.6980000138282776},{"id":"https://openalex.org/keywords/cross-border-barriers","display_name":"cross-border barriers","score":0.7120000123977661},{"id":"https://openalex.org/keywords/bank-consolidation","display_name":"bank consolidation","score":0.5619999766349792}],"concepts":[{"id":"https://openalex.org/C2776014549","wikidata":"https://www.wikidata.org/wiki/Q3050847","display_name":"Consolidation (business)","level":2,"score":0.7772922515869141},{"id":"https://openalex.org/C548217281","wikidata":"https://www.wikidata.org/wiki/Q731112","display_name":"Mergers and acquisitions","level":2,"score":0.7736042737960815},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.6108253002166748},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.5354056358337402},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.49094870686531067},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.49088531732559204},{"id":"https://openalex.org/C2910001868","wikidata":"https://www.wikidata.org/wiki/Q458","display_name":"European union","level":2,"score":0.45250049233436584},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4399510622024536},{"id":"https://openalex.org/C2776109892","wikidata":"https://www.wikidata.org/wiki/Q825026","display_name":"Economic and monetary union","level":3,"score":0.4355296492576599},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3455358147621155},{"id":"https://openalex.org/C155202549","wikidata":"https://www.wikidata.org/wiki/Q178803","display_name":"International trade","level":1,"score":0.32981613278388977},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3056461215019226},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09413745999336243},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1111/j.1468-036x.2007.00411.x","doi":"https://doi.org/10.1111/j.1468-036x.2007.00411.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-036x.2007.00411.x","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},{"id":"pmh:oai:dro.dur.ac.uk.OAI2:2441","doi":null,"is_oa":false,"landing_page_url":"http://dro.dur.ac.uk/2441/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"European financial management, 2007, Vol.15(2), pp.451-476 [Peer Reviewed Journal]","raw_type":"Article"},{"id":"pmh:oai:durham-repository.worktribe.com:1546935","doi":null,"is_oa":false,"landing_page_url":"https://durham-repository.worktribe.com/output/1546935","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal Article"},{"id":"pmh:oai:https://durham-repository.worktribe.com/:1546935","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/output/1546935","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"}],"best_oa_location":{"id":"pmh:oai:https://durham-repository.worktribe.com/:1546935","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/output/1546935","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17","score":0.44999998807907104}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W1582084344","https://openalex.org/W1617016485","https://openalex.org/W1966119453","https://openalex.org/W1969978487","https://openalex.org/W1970061143","https://openalex.org/W1977181967","https://openalex.org/W1984496892","https://openalex.org/W1988478840","https://openalex.org/W1991094622","https://openalex.org/W1995448109","https://openalex.org/W2010709625","https://openalex.org/W2020523351","https://openalex.org/W2021918968","https://openalex.org/W2023006733","https://openalex.org/W2024701722","https://openalex.org/W2038309987","https://openalex.org/W2042452012","https://openalex.org/W2046841332","https://openalex.org/W2062738382","https://openalex.org/W2073123781","https://openalex.org/W2097841988","https://openalex.org/W2101718392","https://openalex.org/W2105976993","https://openalex.org/W2112439978","https://openalex.org/W2120655166","https://openalex.org/W2127121393","https://openalex.org/W2128778916","https://openalex.org/W2154718048","https://openalex.org/W2163240835","https://openalex.org/W2170907645","https://openalex.org/W3049675738","https://openalex.org/W3122954612","https://openalex.org/W3122992005","https://openalex.org/W3123364449","https://openalex.org/W3123538495","https://openalex.org/W3123790701","https://openalex.org/W3124003842","https://openalex.org/W3124074232","https://openalex.org/W3124983851","https://openalex.org/W3125913577","https://openalex.org/W4242423294","https://openalex.org/W4250627785"],"related_works":["https://openalex.org/W2760545804","https://openalex.org/W2036412844","https://openalex.org/W2113546457","https://openalex.org/W1732001759","https://openalex.org/W3136778545","https://openalex.org/W2188788459","https://openalex.org/W1484992515","https://openalex.org/W632797255","https://openalex.org/W7100504818","https://openalex.org/W1608656949"],"abstract_inverted_index":{"Abstract":[0],"During":[1],"the":[2,6,19,22,25,45,51,55,68,81,88,103,106,110,124],"last":[3],"fifteen":[4],"years,":[5],"European":[7],"banking":[8],"industry":[9],"has":[10],"experienced":[11],"considerable":[12],"consolidation":[13],"through":[14],"mergers":[15],"and":[16,28,57,72,86,99,119],"acquisitions":[17,84],"against":[18],"background":[20],"of":[21,24,44,70,102,126],"introduction":[23],"single":[26],"currency":[27],"reductions":[29],"in":[30,80,105,109],"cross\u2010border":[31],"barriers.":[32],"This":[33],"paper":[34],"investigates":[35],"whether":[36],"these":[37],"changes":[38],"impacted":[39],"on":[40],"announcement":[41],"period":[42],"gains":[43,64,82],"banks":[46],"acquiring":[47],"targets":[48],"by":[49],"examining":[50],"pre\u2010euro,":[52],"run\u2010up":[53],"to":[54,117],"euro":[56,59],"post":[58],"eras.":[60],"Evidence":[61],"suggests":[62],"bidders'":[63],"have":[65],"fallen":[66],"with":[67,94],"development":[69],"economic":[71],"monetary":[73],"union.":[74],"It":[75],"also":[76],"reveals":[77],"significant":[78],"differences":[79],"from":[83],"within":[85],"outside":[87],"eurozone.":[89],"These":[90],"results":[91,115],"are":[92],"consistent":[93],"increased":[95,100],"competition":[96],"among":[97],"bidders":[98],"integration":[101,128],"market":[104,127],"eurozone":[107],"area":[108],"post\u2010euro":[111],"era.":[112],"However,":[113],"differing":[114],"relating":[116],"focused":[118],"diversifying":[120],"bids":[121],"suggest":[122],"that":[123],"level":[125],"is":[129],"sector":[130],"dependent.":[131]},"counts_by_year":[{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":5},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-22T18:32:59.640997","created_date":"2016-06-24T00:00:00"}