QUT ePrints

Determinants of merger and acquisition activity in Australian cooperative deposit-taking institutions

Worthington, Andrew C. (2004) Determinants of merger and acquisition activity in Australian cooperative deposit-taking institutions. Journal of Business Research, 57(1), pp. 47-57.

View at publisher

Abstract

A two-stage procedure is employed to evaluate the determinants of merger and acquisition (M&A) activity in Australian credit unions over the period 1992/1993 to 1994/1995. In the first stage, data envelopment analysis (DEA) is used to calculate technical and scale efficiency indices for a sample of credit unions. The second stage uses a multinomial logit model to relate credit union efficiency scores, along with other managerial, regulatory and financial factors, to the probability of credit unions acquiring or being acquired by another credit union. The results indicate that asset size and quality, management ability, earnings and liquidity are a significant influence on the level of M&A. One primary influence on credit union acquisitions would appear to be the perceived compatibility in associational bond and membership.

Impact and interest:

29 citations in Scopus
Search Google Scholar™
16 citations in Web of Science®

Citation countsare sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

2,357 since deposited on 31 Oct 2005
400 in the past twelve months

Full-text downloadsdisplays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 2315
Item Type: Journal Article
Keywords: Mergers and acquisitions, Credit unions, Data envelopment analysis, Technical and scale efficiency
DOI: 10.1016/S0148-2963(02)00283-7
ISSN: 0148-2963
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > ECONOMETRICS (140300) > Econometrics not elsewhere classified (140399)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Financial Institutions (incl. Banking) (150203)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2004 Elsevier
Copyright Statement: Reproduced in accordance with the copyright policy of the publisher.
Deposited On: 31 Oct 2005
Last Modified: 05 Jan 2011 23:25

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page