Bank mergers and acquisitions - An evaluation of the 'four pillars' policy in Australia

Australian Economic Papers

Volumn 47, Issue 2, 2008, Pages 141-155

  Wu, Su ^a  

^a Australian Competition and Consumer Commission   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 65249154835     PISSN: 0004900X     EISSN: 14678454     Source Type: Journal    
DOI: 10.1111/j.1467-8454.2008.00337.x     Document Type: Article

References (24)

1. Avkiran, N.K. 1999, 'The Evidence on Efficiency Gains: The Role of Mergers and the Benefits to the Public', Journal of Banking and Finance, vol. 23, pp. 991-1013.
2. Bakir, C. 2004, 'Market Powers and Public Resistance to Mega Bank Mergers', Journal of Australian Political Economy, vol. 54, no. 4, pp. 67-93.
3. Beal, D. and Ralston, D. 1998, 'Impact of Merger on Shares of the Australian Bank Deposits and Loan Markets: Some Preliminary Evidence', Economic Papers, vol. 17, no. 1, pp. 28-40.
4. Berg, S.A., Forsund, F.R., Hjalmarsson, L. and Suominen, M. 1993, 'Bank Efficiency in the Nordic Countries', Journal of Banking and Finance, vol. 17, no. 2, pp. 371-88.
5. Berger, A.N. 1998, 'The Efficiency Effects of Bank Mergers and Acquisition: A Preliminary Look at the 1990s Data', in Bank Mergers and Acquisitions, Y. Amihud and G. Miller (eds), Dordrecht, Kluwer Academic Publishers.
6. Berger, A.N. and Humphrey, D.B. 1992, 'Megamergers in Banking and the Use of Cost Efficiency as an Antitrust Defence', Finance and Economics Discussion Series, no. 203, Board of Governors of Federal Reserve System, Washington, DC.
7. Berger, A.N. and Humphrey, D.B. 1997, 'Efficiency of Financial Institutions: International Survey and Directions for Future Research, European Journal of Operational Research, vol. 98, pp. 175-212.
8. Charnes, A., Cooper, W.W. and Rhodes, E. 1978, 'Measuring the Efficiency of Decision Making Units', European Journal of Operational Research, vol. 2, no. 6, pp. 429-44.
9. Cicutto, F. 2002, 'Banking in a Competitive Environment', Journal of Banking and Financial Services, vol. 116, no. 2, April, pp. 4-9.
10. Farrell, M.J. 1957, 'The Measurement of Technical Efficiency', Journal of the Royal Statistical Society, Series A, General, 120, part 3, pp. 253-81.
11. Financial Sector Union of Australia 1996, Financial System Inquiry Submission, Melbourne. Financial System Inquiry 1997, Final Report (S. Wallis, Chair), Australian Government Publishing Service, Canberra.
12. Grifell-Tatje, E. and Lovell, C.A.K. 1996, 'Deregulation and Productivity Decline: The Case of Spanish Savings Banks', European Economic Review, vol. 40, no. 6, pp. 1281-1303.
13. Grifell-Tatje, E. and Lovell, C.A.K. 1997, 'The Sources of Productivity Change in Spanish Banking', European Journal of Operational Research, vol. 98, pp. 364-80.
14. Guy, R. and J. Whyte 2002, 'Bank Merger Ban "Irrational"', Australian Financial Review, 6 May 2002. Harper, I.R. 2000, 'Mergers in Financial Services: Why the Rush?', Australian Economic Review, vol. 33, no. 1, pp. 67-72.
15. Llewellyn, D.T. 1996, 'Banking in the 21st Century: The Transformation of an Industry', in The Future of the Financial System, M. Edey (ed), Alken Press Pty Ltd, pp. 141-79.
16. Macey, J.R. and Miller, G.P. 1998, 'Bank Mergers and American Bank Competitiveness', in Bank Mergers and Acquisitions, Y. Amihud and G. Miller (eds), Dordrecht, Kluwer Academic Publishers.
17. McCarthy, T.A. and Yaisawarng, S. 1993, 'Technical Efficiency in New Jersey School Districts', in The Measurement of Productive Efficiency: Techniques and Applications, H.O. Fried, C.A.K. Lovell and S.S. Schmidt (eds), New York, Oxford University Press.
18. Neal, P. 2004, 'X-Efficiency and Productivity change in Australian Banking', Australian Economic Papers, vol. 43, no. 2, pp. 174-91.
19. New South Wales Farmers' Association 1996, Financial System Inquiry Submission, Sydney. Piloff, S.J. and Santomero, A.M. 1998, 'The Value Effects of Bank Mergers and Acquisitions', in Bank Mergers and Acquisitions, Y. Amihud and G. Miller (eds), Dordrecht, Kluwer Academic Publishers. Reserve Bank of Australia 1994, Annual Report 1993-94.
20. New South Wales Farmers' Association 1996, 'Submission to the Financial System Inquiry', Occasional Paper, no. 14. Rhoades, S.A. 1994, 'A Summary of Merger Performance Studies in Banking, 1980-93, and an Assessment of the "Operating Performance" and "Event Study" Methodologies', Staff Studies, no. 167, Washington, DC, Board of Governors of the Federal Reserve System.
21. Sathye, M. 2005, 'Market Structure and Performance in Australian Banking', Review of Accounting and Finance, vol. 4, no. 2, pp. 107-24.
22. Schenk, H. 2000, Merger, Efficient Choice and International Competitiveness, Cheltenham, Edward Elgar.
23. Tobin, J. 1958, 'Estimation of Relationships for Limited Dependent Variables', Econometrica, vol. 26, pp. 24-36.
24. Wright, S. 1999, 'The Development of Australian Banking Industry', Australian Banker, vol. 113, no. 4, August, pp. 18-21.