{"id":"https://openalex.org/W2583698409","doi":"https://doi.org/10.22495/cocv12i1c2p5","title":"Short and long-term performance analysis of banks Ms&As in Europe","display_name":"Short and long-term performance analysis of banks Ms&As in Europe","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W2583698409","doi":"https://doi.org/10.22495/cocv12i1c2p5","mag":"2583698409"},"language":"en","primary_location":{"id":"doi:10.22495/cocv12i1c2p5","doi":"https://doi.org/10.22495/cocv12i1c2p5","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv12i1c2p5","pdf_url":null,"source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.22495/cocv12i1c2p5","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5034740552","display_name":"George Kyriazopoulos","orcid":"https://orcid.org/0000-0002-5786-6097","observed_orcids":["https://orcid.org/0000-0002-5786-6097"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"George Kyriazopoulos","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-5786-6097","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5053795984","display_name":"Evangelos Drymbetas","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Evangelos Drymbetas","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"12","issue":"1","first_page":"271","last_page":"286"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9872999787330627,"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"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9872999787330627,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0044999998062849045,"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/T10127","display_name":"Banking stability, regulation, efficiency","score":0.0038999998942017555,"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/bank-mergers-and-acquisitions","display_name":"bank mergers and acquisitions","score":0.8840000033378601},{"id":"https://openalex.org/keywords/european-banks","display_name":"European banks","score":0.6800000071525574},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.8220000267028809},{"id":"https://openalex.org/keywords/stock-price-reaction","display_name":"stock price reaction","score":0.8349999785423279},{"id":"https://openalex.org/keywords/buy-and-hold-returns","display_name":"buy-and-hold returns","score":0.9010000228881836},{"id":"https://openalex.org/keywords/value-creation","display_name":"value creation","score":0.5509999990463257},{"id":"https://openalex.org/keywords/cross-border-transactions","display_name":"cross-border transactions","score":0.6830000281333923},{"id":"https://openalex.org/keywords/post-merger-performance","display_name":"post-merger performance","score":0.6209999918937683}],"concepts":[{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.8636729121208191},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6396046280860901},{"id":"https://openalex.org/C2988984586","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Stock price","level":3,"score":0.6387969851493835},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6048988699913025},{"id":"https://openalex.org/C12958728","wikidata":"https://www.wikidata.org/wiki/Q1002530","display_name":"Event study","level":3,"score":0.5993486642837524},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.597206711769104},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.5868419408798218},{"id":"https://openalex.org/C61797465","wikidata":"https://www.wikidata.org/wiki/Q1188986","display_name":"Term (time)","level":2,"score":0.4767782986164093},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35916876792907715},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3520675599575043},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3489633798599243},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3265606164932251},{"id":"https://openalex.org/C143724316","wikidata":"https://www.wikidata.org/wiki/Q312468","display_name":"Series (stratigraphy)","level":2,"score":0.048739731311798096},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.04674673080444336},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.22495/cocv12i1c2p5","doi":"https://doi.org/10.22495/cocv12i1c2p5","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv12i1c2p5","pdf_url":null,"source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.22495/cocv12i1c2p5","doi":"https://doi.org/10.22495/cocv12i1c2p5","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv12i1c2p5","pdf_url":null,"source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":53,"referenced_works":["https://openalex.org/W42617051","https://openalex.org/W44858661","https://openalex.org/W1484481362","https://openalex.org/W1505348959","https://openalex.org/W1559170486","https://openalex.org/W1562361304","https://openalex.org/W1964369053","https://openalex.org/W1965226606","https://openalex.org/W1966119453","https://openalex.org/W1978714525","https://openalex.org/W1988219958","https://openalex.org/W1988478840","https://openalex.org/W1991094622","https://openalex.org/W1992345322","https://openalex.org/W2007735771","https://openalex.org/W2010318269","https://openalex.org/W2015131192","https://openalex.org/W2019317901","https://openalex.org/W2021918968","https://openalex.org/W2026720537","https://openalex.org/W2038309987","https://openalex.org/W2042093147","https://openalex.org/W2042452012","https://openalex.org/W2059092061","https://openalex.org/W2062738382","https://openalex.org/W2073123781","https://openalex.org/W2076289206","https://openalex.org/W2089448441","https://openalex.org/W2107406443","https://openalex.org/W2121525903","https://openalex.org/W2136457129","https://openalex.org/W2145587596","https://openalex.org/W2147016435","https://openalex.org/W2150788039","https://openalex.org/W2163188281","https://openalex.org/W2163240835","https://openalex.org/W2166525296","https://openalex.org/W2167246853","https://openalex.org/W2311586223","https://openalex.org/W2323581845","https://openalex.org/W2479583573","https://openalex.org/W3020875862","https://openalex.org/W3121134904","https://openalex.org/W3121572833","https://openalex.org/W3121961468","https://openalex.org/W3122437504","https://openalex.org/W3122992005","https://openalex.org/W3123434764","https://openalex.org/W3123777724","https://openalex.org/W3124003842","https://openalex.org/W3124530793","https://openalex.org/W3125039059","https://openalex.org/W4240307802"],"related_works":["https://openalex.org/W2616089345","https://openalex.org/W2475200631","https://openalex.org/W7029835287","https://openalex.org/W7096376269","https://openalex.org/W1568095060","https://openalex.org/W2184992176","https://openalex.org/W4220845450","https://openalex.org/W2974337666","https://openalex.org/W7097243188","https://openalex.org/W3125138031"],"abstract_inverted_index":{"Based":[0],"on":[1],"a":[2,88],"sample":[3,69],"of":[4,20,43,70,80,94,120,123],"152":[5],"European":[6],"banks":[7,125],"Ms&As":[8,25,105],"deals":[9,117],"during":[10],"the":[11,17,24,39,62,67,78,99,104],"period":[12,65],"1996-2010,":[13],"we":[14],"probe":[15],"into":[16],"short-term":[18],"reaction":[19,93],"stock":[21,58,91],"prices":[22],"around":[23,103],"announcement":[26,106],"day":[27],"by":[28,46],"calculating":[29,47],"abnormal":[30],"returns":[31,49],"for":[32,66,98],"acquirers":[33],"and":[34,115,118],"targets.":[35],"We":[36,56,85],"also":[37,86],"analyze":[38],"long-term":[40],"value":[41],"creation":[42],"combined":[44],"entities":[45],"buy-and-hold":[48],"over":[50],"two":[51],"years":[52],"subsequent":[53],"to":[54],"Ms&As.":[55],"find":[57],"price":[59,92],"erosions":[60],"in":[61,77],"post-event":[63],"10-day":[64],"overall":[68],"acquirers.":[71],"This":[72,108],"finding":[73,110],"is":[74],"particularly":[75],"evident":[76],"case":[79],"low":[81],"profitability":[82,122],"bidder":[83],"firms.":[84],"detect":[87],"significantly":[89],"positive":[90],"target":[95,124],"bank":[96],"shares":[97],"3-day":[100],"event":[101],"window":[102],"day.":[107],"major":[109],"remains":[111],"unquestionable,":[112],"throughout":[113],"domestic":[114],"cross-border":[116],"irrespective":[119],"prior":[121]},"counts_by_year":[],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2017-02-10T00:00:00"}
