Abstract

http://ssrn.com/abstract=1895325
 
 

References (27)



 


 



Value Creation in Banking Through Strategic Alliances and Joint Ventures


Alessandra Amici


affiliation not provided to SSRN

Franco Fiordelisi


University of Rome III, Italy; Washington University, Saint Louis - Olin Business School

Francesco Masala


affiliation not provided to SSRN

Ornella Ricci


University of Roma Tre, Department of Business Studies

Federica Sist


affiliation not provided to SSRN

July 26, 2011


Abstract:     
A large number of studies (DeYoung et al., 2009) analyze merger outcomes in the financial industry, while other forms of business cooperation are still poorly investigated. Our paper examines results of strategic alliances and joint ventures in European and US banking over the period 1999 and 2009. First, we estimate abnormal returns around the deal announcement date and then these are regressed on a large set of explanatory variables. We show that joint ventures create shareholder value when involve non-banking financial partners and allow banks to expand abroad; domestic strategic alliances also lead banks to create shareholder value.

Number of Pages in PDF File: 42

Keywords: strategic alliances, joint ventures, banking, event study

JEL Classification: G14, G21, L24

working papers series


Download This Paper

Date posted: July 26, 2011  

Suggested Citation

Amici, Alessandra and Fiordelisi, Franco and Masala, Francesco and Ricci, Ornella and Sist, Federica, Value Creation in Banking Through Strategic Alliances and Joint Ventures (July 26, 2011). Available at SSRN: http://ssrn.com/abstract=1895325 or http://dx.doi.org/10.2139/ssrn.1895325

Contact Information

Alessandra Amici
affiliation not provided to SSRN ( email )
Franco Fiordelisi (Contact Author)
University of Rome III, Italy ( email )
Via Silvio D'amico, 77
Rome, Rome 00145
Italy
Washington University, Saint Louis - Olin Business School ( email )
One Brookings Drive
Campus Box 1133
St. Louis, MO 63130-4899
United States
Francesco Masala
affiliation not provided to SSRN ( email )
Ornella Ricci
University of Roma Tre, Department of Business Studies ( email )
Via Ostiense, 169
Rome, 00145
Italy
Federica Sist
affiliation not provided to SSRN ( email )
Feedback to SSRN


Paper statistics
Abstract Views: 600
Downloads: 191
Download Rank: 88,146
References:  27

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.594 seconds