Fusiones y adquisiciones bancariascaracterísticas e implicaciones de las operaciones realizadas por las entidades de crédito europeas

  1. Sanfilippo Azofra, Sergio
Supervised by:
  1. Myriam García Olalla Director

Defence university: Universidad de Cantabria

Fecha de defensa: 21 October 2004

  1. Álvaro Cuervo García Chair
  2. José Manuel Campa Fernández Secretary
  3. Matilde Olvido Fernández Blanco Committee member
  4. Juan José Durán Herrera Committee member
  5. Alberto de Miguel Hidalgo Committee member

Type: Thesis

Teseo: 126067 DIALNET lock_openUCrea editor


The aim of this thesis is to further study the financial consolidation process analysing the consequences of banking merger and acquisitions, which took place in the period 1993-2001, and the characteristics of the European credit institutions involving in these operations. The results point to the importance of size as a conditioning factor in these operations. Also, acquiring institutions are more profitable than those acquired, which present certain inefficiencies, and there are certain patterns in the business which affect the participation of credit institutions in consolidation operations. Financial, mergers and acquisitions lead to a moderate increase in revenues and market power, and a small cost reduction.