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Pregled bibliografske jedinice broj: 1203177

Do mergers and acquisitions improve bank efficiency? Evidence from North Macedonia


Fotova Čiković, Katerina; Lozić, Joško; Guzovski, Marina
Do mergers and acquisitions improve bank efficiency? Evidence from North Macedonia // Journal of international studies, 15 (2022), 2; 77-93 doi:10.14254/2071-8330.2022/15-2/6 (međunarodna recenzija, članak, znanstveni)


CROSBI ID: 1203177 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
Do mergers and acquisitions improve bank efficiency? Evidence from North Macedonia

Autori
Fotova Čiković, Katerina ; Lozić, Joško ; Guzovski, Marina

Izvornik
Journal of international studies (2071-8330) 15 (2022), 2; 77-93

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
M&A ; data envelopment analysis ; bank efficiency ; commercial banks ; window analysis

Sažetak
This article focuses on the efficiency of commercial banks in North Macedonia in the period from 2007 to 2020. The main goal is to assess the relative efficiency of the banking sector as a whole, and more importantly, to evaluate and analyse the impact of mergers and acquisition (M&A) transactions on banks’ efficiency. For this reason, the leading nonparametric methodology Data Envelopment Analysis (DEA) has been employed, i.e., the window DEA model with two input and two output variables on a sample of 13 commercial banks. Based on balanced panel data from the banking sector of North Macedonia, the obtained results show a constant fall of efficiency of the whole banking sector, from 83.33% in 2007 to 70.06% in 2011 and 66.36% in 2020. The results of the M&A transactions case study analysis show that, in general, M&A transactions decrease banks' efficiency, i.e., they do not result in an efficiency increase. The contribution of the study is that it comprises the first study analysing the effects of banks' M&A on bank efficiency in the region of South-Eastern Europe with the application of DEA and thus, it provides valuable information for investors, bank management, M&A analysts, academic members and regulatory bodies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
UNIN--UNIN-DRUŠ-22-1-7 - Ekonomski i pravni aspekti negativnih demografskih i ekonomskih trendova (Smoljić, Mirko, UNIN ) ( CroRIS)

Ustanove:
Sveučilište Sjever, Koprivnica

Poveznice na cjeloviti tekst rada:

Pristup cjelovitom tekstu rada doi

Citiraj ovu publikaciju:

Fotova Čiković, Katerina; Lozić, Joško; Guzovski, Marina
Do mergers and acquisitions improve bank efficiency? Evidence from North Macedonia // Journal of international studies, 15 (2022), 2; 77-93 doi:10.14254/2071-8330.2022/15-2/6 (međunarodna recenzija, članak, znanstveni)
Fotova Čiković, K., Lozić, J. & Guzovski, M. (2022) Do mergers and acquisitions improve bank efficiency? Evidence from North Macedonia. Journal of international studies, 15 (2), 77-93 doi:10.14254/2071-8330.2022/15-2/6.
@article{article, author = {Fotova \v{C}ikovi\'{c}, Katerina and Lozi\'{c}, Jo\v{s}ko and Guzovski, Marina}, year = {2022}, pages = {77-93}, DOI = {10.14254/2071-8330.2022/15-2/6}, keywords = {M and A, data envelopment analysis, bank efficiency, commercial banks, window analysis}, journal = {Journal of international studies}, doi = {10.14254/2071-8330.2022/15-2/6}, volume = {15}, number = {2}, issn = {2071-8330}, title = {Do mergers and acquisitions improve bank efficiency? Evidence from North Macedonia}, keyword = {M and A, data envelopment analysis, bank efficiency, commercial banks, window analysis} }
@article{article, author = {Fotova \v{C}ikovi\'{c}, Katerina and Lozi\'{c}, Jo\v{s}ko and Guzovski, Marina}, year = {2022}, pages = {77-93}, DOI = {10.14254/2071-8330.2022/15-2/6}, keywords = {M and A, data envelopment analysis, bank efficiency, commercial banks, window analysis}, journal = {Journal of international studies}, doi = {10.14254/2071-8330.2022/15-2/6}, volume = {15}, number = {2}, issn = {2071-8330}, title = {Do mergers and acquisitions improve bank efficiency? Evidence from North Macedonia}, keyword = {M and A, data envelopment analysis, bank efficiency, commercial banks, window analysis} }

Časopis indeksira:


  • Scopus


Citati:





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