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Local Market Consolidation and Bank Productive Efficiency
16 references·3 citing·43 second hop
Local Market Consolidation and Bank Productive Efficiency (2003)Local Market Consolidation and Bank Produ…Capital structure and firm performance: A new approach to testing agency theory and an application to the banking industry (2005)Capital structure and firm pe…Competition, Adverse Selection, and Information Dispersion in the Banking Industry: Table 1 (2002)Competition, Adverse Selectio…Bank concentration and retail interest rates (2002)Bank concentration and retail…The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains? (2001)The Market for Corporate Asse…CEO compensation and bank mergers (2001)CEO compensation and bank mer…The consolidation of the financial services industry: Causes, consequences, and implications for the future (1999)The consolidation of the fina…Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence From The Banking Industry (1998)Do Substantial Horizontal Mer…Inside the black box: What explains differences in the efficiencies of financial institutions? (1997)Inside the black box: What ex…Efficiency of financial institutions: International survey and directions for future research (1997)Efficiency of financial insti…Efficiency of Financial Institutions: International Survey and Directions for Future Research (1997)Efficiency of Financial Insti…The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been (1995)The Transformation of the U.S…Capital Structure and Product-Market Competition: Empirical Evidence from the Supermarket Industry (1995)Capital Structure and Product…The efficiency of financial institutions: A review and preview of research past, present and future (1993)The efficiency of financial i…Resolving the scale efficiency puzzle in banking (1993)Resolving the scale efficienc…MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY. (1993)MERGERS AND MARKET POWER -- E…Megamergers in Banking and the Use of Cost Efficiency as an Antitrust Defense (1992)Megamergers in Banking and th…Do macroprudential policies affect bank efficiency? Evidence from emerging economies (2022)Do macroprudential policies a…Banking in the United States (2015)Banking in the United StatesCredit Unions and Small Business Lending (2008)Credit Unions and Small Busin…Foundations of Finance. (1977)Determinants of profitability in European manufacturing and services: evidence from a dynamic panel model (2005)Corporate capital structure and the characteristics of suppliers and customers (2006)The impacts of product market competition on the quantity and quality of voluntary disclosures (2010)The market for corporate control (1983)Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Takeovers: Their Causes and Consequences (1988)Wealth creation versus wealth redistributions in pure stock-for-stock mergers1We are grateful to Tom Arnold, Sanjai Bhagat, James Bicksler, David Blackwell, Ekkehart Boehmer, Ted Bos, Robert Brokaw, Bill Carleton, Bob Comment, Chris Cornwell, Mary Dehner, Bob Eisenbeis, Jimmy Hilliard, Randy Howard, Steve Jones, Ed Kane, Josef Lakonishok, Larry Lang, Bill Lewellen, Marc Lipson, Paul Malatesta, Jeff Netter, Cathy Niden, Volker Pollmann, Annette Poulsen, Jay Ritter, Richard Ruback, Louis Scott, Joe Sinkey, Bill Schwert (the editor), Ralph Walkling (the referee), Ron Warren, J. Fred Weston, Karen Wruck, and seminar participants at the University of Arizona, the University of Delaware, the University of Illinois, the University of Georgia, the University of Miami, Seattle University, the 1995 European Finance Association, the 1996 Financial Management Association, and the 1996 American Finance Association meetings for their helpful comments and recommendations. We also gratefully acknowledge the financial support provided for this project by the University of Georgia Research Foundation. Finally, Steve Henry, Rick McKinney, David Quillian, and Ryan Vaughn provided vital assistance with data collection and assisted with data input.1 (1998)Acquisition vs. internal development as modes of market entry (2009)Optimal contracts and competitive markets with costly state verification (1979)Financial Intermediation and Delegated Monitoring (1984)Incentive-Compatible Debt Contracts: The One-Period Problem (1985)Operational efficiency in banking: An international comparison (1996)Development and efficiency of the banking sector in a transitional economy: Hungarian experience (2003)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Bank ownership and efficiency in China: What will happen in the world’s largest nation? (2007)Capital structure, equity ownership and firm performance (2009)Efficiency and risk in European banking (2010)The Measurement of Productive Efficiency (1957)Allocative efficiency vs. X-Efficiency (1966)Separation of Ownership and Control (1983)Problem loans and cost efficiency in commercial banks (1997)Efficiency in European banking (2001)On the implications of market power in banking: Evidence from developing countries (2009)Corporate control and bank efficiency (1993)Bank performance, efficiency and ownership in transition countries (2004)Reconsidering heterogeneity in panel data estimators of the stochastic frontier model (2004)Financing Constraints and Corporate Investment (1988)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)What Drives Bank Competition? Some International Evidence (2003)What Drives Bank Competition? Some International Evidence (2004)The dark side of diversification: The case of US financial holding companies (2005)Measuring the efficiency of decision making units (1978)Bank regulation and supervision: what works best? (2003)Agency costs of free cash flow, corporate finance, and takeovers (1996)What Determines Productivity? (2011)Corporate Innovations and Mergers and Acquisitions (2013)Organization Capital and the Cross‐Section of Expected Returns (2013)The Effects of Banking Mergers on Loan Contracts (2002)Democratizing entry: Banking deregulations, financing constraints, and entrepreneurship☆ (2009)Banking deregulation and innovation (2013)
this work references cited by second hop

References

  • 1997Efficiency of financial institutions: International survey and directions for future research3,488 cited
  • 1997Inside the black box: What explains differences in the efficiencies of financial institutions?2,283 cited
  • 1999The consolidation of the financial services industry: Causes, consequences, and implications for the future1,480 cited
  • 2005Capital structure and firm performance: A new approach to testing agency theory and an application to the banking industry1,035 cited
  • 1993The efficiency of financial institutions: A review and preview of research past, present and future964 cited
  • 2001The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains?900 cited
  • 1993MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY.630 cited
  • 1995The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been625 cited
  • 1993Resolving the scale efficiency puzzle in banking606 cited
  • 1995Capital Structure and Product-Market Competition: Empirical Evidence from the Supermarket Industry543 cited
  • 1997Efficiency of Financial Institutions: International Survey and Directions for Future Research480 cited
  • 1992Megamergers in Banking and the Use of Cost Efficiency as an Antitrust Defense454 cited
  • 2001CEO compensation and bank mergers446 cited
  • 2002

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Bank concentration and retail interest rates
416 cited
  • 2002Competition, Adverse Selection, and Information Dispersion in the Banking Industry: Table 1416 cited
  • 1998Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence From The Banking Industry413 cited
  • Cited by

    • 2022Do macroprudential policies affect bank efficiency? Evidence from emerging economies40 cited
    • 2015Banking in the United States31 cited
    • 2008Credit Unions and Small Business Lending30 cited