Agrawal A, Jaffe JF, Mandelker GN (1992) The post-merger performance of acquiring firms: a re-examination of an anomaly. J Finance 47:1605–1621. https://doi.org/10.1111/j.1540-6261.1992.tb04674.x .
Aktas N, Bodt ED, Roll R (2011) Serial acquirer bidding: an empirical test of the learning hypothesis. J Corp Finance 17:18–32. https://doi.org/10.1016/j.jcorpfin.2010.07.002 .
Aktas N, Bodt ED, Roll R (2013) Learning from repetitive acquisitions: evidence from the time between deals. J Financ Econ 108:99–117. https://doi.org/10.1016/j.jfineco.2012.10.010 .
- Al-khasawneh JA (2006) Bank efficiency dynamics and market reaction around merger announcement. Dissertation, University of New Orleans.
Paper not yet in RePEc: Add citation now
Al-Khasawneh JA (2013) Pairwise X-efficiency combinations of merging banks: analysis of the fifth merger wave. Rev Quant Finance Account 41:1–28. https://doi.org/10.1007/s11156-012-0298-8 .
Al-Khasawneh JA, Benameur K, Shariff MZ, Khiyar KA (2020) Methods of payment in US banks’ acquisition: efficiency perspectives. Appl Econ 52:1487–1501. https://doi.org/10.1080/00036846.2019.1676389 .
Al-Khasawneh JA, Essaddam N (2012) Market reaction to the merger announcements of US banks: a non-parametric X-efficiency framework. Glob Finance J 23:167–183. https://doi.org/10.1016/j.gfj.2012.10.003 .
Al-Sharkas AA, Hassan MK, Lawrence S (2008) The impact of mergers and acquisitions on the efficiency of the US banking industry: further evidence. J Bus Finance Account 35:50–70. https://doi.org/10.1111/j.1468-5957.2007.02059.x .
Alexandridis G, Mavrovitis CF, Travlos NG (2012) How have M&As changed? Evidence from the sixth merger wave. Eur J Finance 18:663–688. https://doi.org/10.1080/1351847x.2011.628401 .
Asquith P (1983) Merger bids, uncertainty, and stockholder returns. J Financ Econ 11:51–83. https://doi.org/10.1016/0304-405x(83)90005-3 .
Avkiran NK (2011) Association of DEA super-efficiency estimates with financial ratios: investigating the case for Chinese banks. Omega 39:323–334. https://doi.org/10.1016/j.omega.2010.08.001 .
Banker RD, Charnes A, Cooper WW (1984) Some models for estimating technical and scale inefficiencies in data envelopment analysis. Manag Sci 30:1078–1092. https://doi.org/10.1287/mnsc.30.9.1078 .
Beccalli E, Frantz P (2016) Why are some banks recapitalized and others taken over? J Int Financ Mark Inst Money 45:79–95. https://doi.org/10.1016/j.intfin.2016.07.001 .
Belanès A, Ftiti Z, Regaïeg R (2015) What can we learn about Islamic banks efficiency under the subprime crisis? Evidence from GCC Region. Pac-Basin Finance J 33:81–92. https://doi.org/10.1016/j.pacfin.2015.02.012 .
Berger AN, Buch CM, Delong G, Deyoung R (2004) Exporting financial institutions management via foreign direct investment mergers and acquisitions. J Int Money Finance 23:333–366. https://doi.org/10.1016/j.jimonfin.2004.01.002 .
Berger AN, Humphrey DB (1992) Megamergers in banking and the use of cost efficiency as an antitrust defense. Antitrust Bull 37:541–600. https://doi.org/10.1177/0003603x9203700302 .
Bifulco R, Bretschneider S (2001) Estimating school efficiency: a comparison of methods using simulated data. Econ Educ Rev 20:417–429. https://doi.org/10.1016/s0272-7757(00)00025-x .
Bifulco R, Bretschneider S (2003) Response to comment on estimating school efficiency. Econ Educ Rev 22:635–638. https://doi.org/10.1016/s0272-7757(03)00044-x .
Billett MT, Qian Y (2008) Are overconfident CEOs born or made? Evidence of self-attribution bias from frequent acquirers. Manag Sci 54:1037–1051. https://doi.org/10.1287/mnsc.1070.0830 .
Cai J, Song MH, Walkling RA (2011) Anticipation, acquisitions, and bidder returns: industry shocks and the transfer of information across rivals. Rev Financ Stud 24:2242–2285. https://doi.org/10.1093/rfs/hhr035 .
Charles V, Tsolas IE, Gherman T (2018) Satisficing data envelopment analysis: a Bayesian approach for peer mining in the banking sector. Ann Oper Res 269:81–102. https://doi.org/10.1007/s10479-017-2552-x .
Charnes A, Cooper W, Rhodes E (1978) Measuring the efficiency of decision making units. Eur J Oper Res 2:429–444. https://doi.org/10.1016/0377-2217(78)90138-8 .
Cooper WW, Seiford LM, Tone K (2006) Introduction to data envelopment analysis and its uses: with DEA-solver software and references. Springer, New York.
Cordero JM, Santín D, Sicilia G (2015) Testing the accuracy of DEA estimates under endogeneity through a Monte Carlo simulation. Eur J Oper Res 244:511–518. https://doi.org/10.1016/j.ejor.2015.01.015 .
Das A, Ghosh S (2009) Financial deregulation and profit efficiency: a nonparametric analysis of Indian banks. J Econ Bus 61:509–528. https://doi.org/10.1016/j.jeconbus.2009.07.003 .
Dodd P, Warner JB (1983) On corporate governance: a study of proxy contests. J Financ Econ 11:401–438. https://doi.org/10.1016/0304-405x(83)90018-1 .
Dong Y, Firth M, Hou W, Yang W (2016) Evaluating the performance of Chinese commercial banks: a comparative analysis of different types of banks. Eur J Oper Res 252:280–295. https://doi.org/10.1016/j.ejor.2015.12.038 .
- Doukas JA, Zhang W (2014) Envy-motivated merger waves. Eur Financ Manag 22:63–119. https://doi.org/10.1111/eufm.12045 .
Paper not yet in RePEc: Add citation now
Elyasiani E, Mehdian S (1992) Productive efficiency performance of minority and nonminority-owned banks: a nonparametric approach. J Bank Finance 16:933–948. https://doi.org/10.1016/0378-4266(92)90033-v .
Fuller K, Netter J, Stegemoller M (2002) What do returns to acquiring firms tell us? Evidence from firms that make many acquisitions. J Finance 57:1763–1793. https://doi.org/10.1111/1540-6261.00477 .
Fung JKH, Pecha D (2019) The efficiency of compensation contracting in China: do better CEOs get better paid? Rev Quant Finance Account 53:749–772. https://doi.org/10.1007/s11156-018-0765-y .
- Haleblian J, Finkelstein S (1999) The influence of organizational acquisition experience on acquisition performance: a behavioral learning perspective. Adm Sci Q 44:29–56. https://doi.org/10.2307/2667030 .
Paper not yet in RePEc: Add citation now
Halkos GE, Matousek R, Tzeremes NG (2016) Pre-evaluating technical efficiency gains from possible mergers and acquisitions: evidence from Japanese regional banks. Rev Quant Finance Account 46:47–77. https://doi.org/10.1007/s11156-014-0461-5 .
Harp NL, Kim KH, Oler DK (2020) A bold move or biting off more than they can chew: examining the performance of small acquirers. Rev Quant Finance Account. https://doi.org/10.1007/s11156-020-00893-x .
- Hayward MLA (2002) When do firms learn from their acquisition experience? Evidence from 1990 to 1995. Strateg Manag J 23:21–39. https://doi.org/10.1002/smj.207 .
Paper not yet in RePEc: Add citation now
- Hayward MLA, Hambrick DC (1997) Explaining the premiums paid for large acquisitions: evidence of CEO Hubris. Adm Sci Q 42:103–127. https://doi.org/10.2307/2393810 .
Paper not yet in RePEc: Add citation now
Isik I, Hassan M (2002) Technical, scale and allocative efficiencies of Turkish banking industry. J Bank Finance 26:719–766. https://doi.org/10.1016/s0378-4266(01)00167-4 .
Isik I, Hassan MK (2003) Financial deregulation and total factor productivity change: an empirical study of Turkish commercial banks. J Bank Finance 27:1455–1485. https://doi.org/10.1016/s0378-4266(02)00288-1 .
Ismail A (2008) Which acquirers gain more, single or multiple? Recent evidence from the USA market. Glob Finance J 19:72–84. https://doi.org/10.1016/j.gfj.2008.01.002 .
- Loderer C, Martin K (1990) Corporate acquisitions by listed firms: the experience of a comprehensive sample. Financ Manag 19:17–33. https://doi.org/10.2307/3665607 .
Paper not yet in RePEc: Add citation now
Loughran T, Vijh AM (1997) Do long-term shareholders benefit from corporate acquisitions? J Financ 52:1765–1790. https://doi.org/10.1111/j.1540-6261.1997.tb02741.x .
Malmendier U, Tate G (2008) Who makes acquisitions? CEO overconfidence and the market’s reaction. J Financ Econ 89:20–43. https://doi.org/10.1016/j.jfineco.2007.07.002 .
Mckee G, Kagan A (2018) Community bank structure an x-efficiency approach. Rev Quant Finance Account 51:19–41. https://doi.org/10.1007/s11156-017-0662-9 .
Moeller SB, Schlingemann FP, Stulz RM (2005) Wealth destruction on a massive scale? A study of acquiring-firm returns in the recent merger wave. J Finance 60:757–782. https://doi.org/10.1111/j.1540-6261.2005.00745.x .
- Orme C, Smith P (1996) The potential for endogeneity bias in data envelopment analysis. J Oper Res Soc 47:73–83. https://doi.org/10.1057/jors.1996.7 .
Paper not yet in RePEc: Add citation now
Prior D, Tortosa-Ausina E, García-Alcober MP, Illueca M (2019) Profit efficiency and earnings quality: evidence from the Spanish banking industry. J Prod Anal 51:153–174. https://doi.org/10.1007/s11123-019-00553-w .
Rau PR, Vermaelen T (1998) Glamour, value and the post-acquisition performance of acquiring firms. J Financ Econ 49:223–253. https://doi.org/10.1016/s0304-405x(98)00023-3 .
Ruggiero J (2005) Impact assessment of input omission on DEA. Int J Inf Technol Decis Mak 04:359–368. https://doi.org/10.1142/s021962200500160x .
Sahoo BK, Mehdiloozad M, Tone K (2014) Cost, revenue and profit efficiency measurement in DEA: a directional distance function approach. Eur J Oper Res 237:921–931. https://doi.org/10.1016/j.ejor.2014.02.017 .
Schipper K, Thompson R (1983) Evidence on the capitalized value of merger activity for acquiring firms. J Financ Econ 11:85–119. https://doi.org/10.1016/0304-405x(83)90006-5 .
Schlotter M, Schwerdt G, Woessmann L (2011) Econometric methods for causal evaluation of education policies and practices: a non-technical guide. Educ Econ 19:109–137. https://doi.org/10.1080/09645292.2010.511821 .
Sealey CW, Lindley JT (1977) Inputs, outputs, and a theory of production and cost at depository financial institutions. J Finance 32:1251–1266. https://doi.org/10.1111/j.1540-6261.1977.tb03324.x .
Shams SM, Gunasekarage A (2016) Operating performance following corporate acquisitions: does the organisational form of the target matter? J Contemp Account Econ 12:1–14. https://doi.org/10.1016/j.jcae.2016.02.001 .
Wang JC (2003) Merger-related cost savings in the production of bank services. SSRN Electron J. https://doi.org/10.2139/ssrn.648108 .