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The Effect of Mergers and Acquisitions on the Performance of Companies – The Greek Case of Ioniki-Laiki Bank and Pisteos Bank

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  • Maditinos D.
  • Theriou N.
  • Demetriades E.

Abstract

This study investigates the merger effects of two banks. The merger took place in mid 1999s and the effect was the Alpha Bank. The research is performed in two parts. The first part investigates the merger in the short-term, while the second part investigates the long-term effects of the merger exploring the relative position of the Alpha bank within the industry. Results show a beta-risk value for the Alpha bank which is a reconciliation of the beta-risks coefficients of the two banks, and moreover, reveal that Alpha bank is not only profitable but also competitive within the industry.

Suggested Citation

  • Maditinos D. & Theriou N. & Demetriades E., 2009. "The Effect of Mergers and Acquisitions on the Performance of Companies – The Greek Case of Ioniki-Laiki Bank and Pisteos Bank," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 111-130.
    • Handle: RePEc:ers:journl:v:xii:y:2009:i:2:p:111-130
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    References listed on IDEAS

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    Cited by:

    1. Jitendra Kumar & Varun Agiwal, 2018. "Merger and Acquire of Series: A New Approach of Time Series Modeling," EERI Research Paper Series EERI RP 2018/16, Economics and Econometrics Research Institute (EERI), Brussels.
    2. George Mountis, 2012. "Banks’ Domestic & Cross-border M&As: Where Can They Go Wrong?," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 6(1), pages 39-67, June.
    3. Manoj Kumar Bhatta, 2016. "Effect of Bank Merger on the Shareholders Wealth and Post-Merger Situation of Nepalese Banking Industry," Information Management and Business Review, AMH International, vol. 8(4), pages 41-51.

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