THE IMPACT OF EUROPEAN MONETARY INTEGRATION ON M&A VOLUME IN THE CONTEXT OF THE BANKING MARKET CONSOLIDATION
THE IMPACT OF EUROPEAN MONETARY INTEGRATION ON M&A VOLUME IN THE CONTEXT OF THE BANKING MARKET CONSOLIDATION
Author(s): Ivana Kravčáková Vozárová, Stela Kolesárová, Martina Košíková, Jaroslava Hečková, Alexandra Chapčáková, Beata GavurovaSubject(s): Supranational / Global Economy, Economic policy, EU-Accession / EU-DEvelopment, Financial Markets
Published by: Fundacja Centrum Badań Socjologicznych
Keywords: cross-border merger and acquisition; banking sector; European monetary integration; consolidation; European Union; European area;
Summary/Abstract: Over the last two decades, the banking sector in Europe has undergone significant changes in terms of regulations and market structure, which resulted in a significant increase in M&A transactions. The rise of M&A activity was also a consequence of fundamental changes in the external environment, such as introduction of the euro, technological progress and changing customer demand. The aim of this contribution is to compare the impact of the integration of the countries in the European Monetary Union on the volume (value) and number of realized M&A. The Mann-Whitney U test was used to verify three individual hypotheses. The results of the analysis did not confirm differences in the volume and number of M&As between EMU and non-EMU countries (with the exception of 2 years).
Journal: Journal of International Studies
- Issue Year: 16/2023
- Issue No: 2
- Page Range: 114-126
- Page Count: 13
- Language: English