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银行并购悖论:文献综述及未来研究方向

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摘要 银行并购在二十世纪九十年代以来掀起史无前例的并购狂潮,但对银行并购的效率研究却不支持并购的动因假说,由此产生了理论与现实的背离-银行并购悖论。本文总结了自十世纪八十年代以来金融学界对银行并购效率的研究文献,得出银行并购悖论的存在性,并将其具体分解为创值悖论、效率悖论和风险悖论三个透视维度。同时也回顾与总结了相关文献对银行并购悖论的解释,并展望未来研究方向。
作者 杨世坤 温泉
出处 《时代金融》 2008年第11期49-52,共4页 Times Finance
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参考文献3

  • 1孙奉军.银行并购理论评述[J].山东经济,2001,17(5):35-37. 被引量:2
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  • 3Weston J F,Chung K S,and Siu J A.Takeovers,Re-structuring,and Corporate Governance[]..1998

二级参考文献11

  • 1Y.Amihud and G.Miller,“Bank Mergers & Acquisitions”,Kluwer Publishers, 1998.
  • 2Linder, Jane C. and Dwight B. Crane, Bank Mergers: “Intergration and Profitability”, Journal of Financial Services Research, January 1993.
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  • 4Zhang, Hao, “Wealth Effects of U. S. Bank Takeovers”,Applied Financial Economics, October 1995.
  • 5Cornett, Marcia Millon and Hassan Tehranian, “Changes in Corporate Performance Associated with Bank Acquisitions”, Journal of Financial Economics 31(2):211-34, April 1992.
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  • 9Berger A., and D. Humphrey, “Bank Scale Economies,Mergers, Concentration and Efficiency: The U. S. Experience,” Working Paper 94-25, Wharton Financial Institutions Center, University of Pennsylvania, 1994.
  • 10Berger A.,and D. Humphrey,“The Dominance of Inefficiencies over Scale and Product Mix Economies in Bankirg,” Journal of Monetary Economics 28(1): 117-48, August 1991.

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