دورية أكاديمية
The use of efficiency measures to compute welfare improving: an application for competition policy
| العنوان: | The use of efficiency measures to compute welfare improving: an application for competition policy |
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| المؤلفون: | Ferro, Gustavo Adolfo, Leon, Sonia Mabel |
| بيانات النشر: | Emerald |
| المجموعة: | CONICET Digital (Consejo Nacional de Investigaciones Científicas y Técnicas) |
| مصطلحات موضوعية: | BANKING REGULATION, COMPETITION POLICY, EFFICIENCY, MERGERS AND ACQUISITIONS, https://purl.org/becyt/ford/5.2Test, https://purl.org/becyt/ford/5Test |
| الوصف: | Purpose: Merger approving focuses on both market power and welfare gains. In general, the approval process does not include a comparative efficiency analysis. This paper aims to introduce this dimension and show its potential. Design/methodology/approach: Based on the analysis of past bank mergers, the authors examine expected and actual efficiency gains. This paper measures the potential (ex ante) and ex post efficiency gains of bank mergers by using data envelopment analysis (DEA). Findings: The authors find some (approved) mergers were promised and yielded efficiency gains while others did not. Research limitations/implications: DEA does not allow testing statistically the significance of the presumed relationship between variables. Practical implications: The authors conclude that some mergers that took place would not have been approved had an efficiency analysis been made. Social implications: Regulators and/or competition authorities could approve mergers which do not increase efficiency. Originality/value: To date, efficiency frontier analysis has not been performed for merger approval. It implies that the regulator or competition authority could allow mergers with no clear social gains. ; Fil: Ferro, Gustavo Adolfo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad del Cema; Argentina ; Fil: Leon, Sonia Mabel. Universidad Argentina de la Empresa. Facultad de Ciencias Económicas. Instituto de Economía; Argentina |
| نوع الوثيقة: | article in journal/newspaper |
| وصف الملف: | application/pdf |
| اللغة: | English |
| تدمد: | 1358-1988 1740-0279 |
| العلاقة: | http://hdl.handle.net/11336/136734Test; Ferro, Gustavo Adolfo; Leon, Sonia Mabel; The use of efficiency measures to compute welfare improving: an application for competition policy; Emerald; Journal of Financial Regulation and Compliance; 26; 2; 5-2018; 227-245; CONICET Digital; CONICET |
| الإتاحة: | https://doi.org/10.1108/JFRC-09-2016-0072Test http://hdl.handle.net/11336/136734Test |
| حقوق: | info:eu-repo/semantics/restrictedAccess ; https://creativecommons.org/licenses/by-nc-sa/2.5/arTest/ |
| رقم الانضمام: | edsbas.465028C6 |
| قاعدة البيانات: | BASE |
| تدمد: | 13581988 17400279 |
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