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dc.contributor.authorSensarma, R.
dc.contributor.authorJayadev, M.
dc.date.accessioned2011-05-31T12:54:47Z
dc.date.available2011-05-31T12:54:47Z
dc.date.issued2010
dc.identifier.citationSensarma , R & Jayadev , M 2010 , ' Efficiency, scale economies and valuation effects : evidence from bank mergers in India ' , International Journal of Financial Services Management , vol. 4 , no. 4 . https://doi.org/10.1504/IJFSM.2010.035683
dc.identifier.issn1460-6712
dc.identifier.otherPURE: 83397
dc.identifier.otherPURE UUID: 6db0af6c-2ebd-4f9f-b55c-90334ad4109e
dc.identifier.otherdspace: 2299/5870
dc.identifier.urihttp://hdl.handle.net/2299/5870
dc.descriptionOriginal article can be found at : http://www.inderscience.com/ Copyright Inderscience Publishers
dc.description.abstractThis paper examines two important issues related to bank mergers in India. First, we estimate potential economic gains of state owned banks if they undergo consolidation. Scale economies, returns to scale and profit efficiency of state owned banks during 1986 to 2003 are estimated based on stochastic frontier analysis. We find that many Indian banks exhibit potential cost savings from mergers provided they rationalize their branch networks although profit efficiency may not rise immediately. Second we measure the realized impact of bank mergers on shareholders’ wealth based on event study analysis. We find that in the case of forced mergers, shareholders of neither the bidder nor the target banks benefited. In the case of voluntary mergers, the bidder banks’ shareholders gained more than the target banks’ shareholders.en
dc.language.isoeng
dc.relation.ispartofInternational Journal of Financial Services Management
dc.rightsOpen
dc.subjectmergers
dc.subjectacquisitions
dc.subjectefficiency
dc.subjectscale economies
dc.subjectStochastic frontier analysis
dc.subjectevent study
dc.subjectabnormal returns
dc.subjectIndia
dc.titleEfficiency, scale economies and valuation effects : evidence from bank mergers in Indiaen
dc.contributor.institutionHertfordshire Business School
dc.description.statusPeer reviewed
dc.relation.schoolHertfordshire Business School
dcterms.dateAccepted2010
rioxxterms.versionofrecordhttps://doi.org/10.1504/IJFSM.2010.035683
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeOpen


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