The impact of mergers on credit union service provision (original) (raw)
1999, Journal of Banking & Finance
In this paper we conduct an empirical exercise in which we attempt to provide answers to three questions concerning credit union mergers: (i) do members of acquiring credit unions bene®t from mergers?; (ii) do members of acquired credit unions bene®t from mergers?; and (iii) what are the characteristics of relatively successful, and relatively unsuccessful, mergers? Our empirical exercise is based on annual samples of nearly 6000 credit unions, including nearly 300 merger participants, during the 1988± 1995 period. We ®nd member service provision to have improved in acquired credit unions, and to have been unchanged in acquiring credit unions. We also provide three separate analyses, from three dierent perspectives, of the role of various characteristics of merging credit unions in determining the success of mergers. Ó 1999 Elsevier Science B.V. All rights reserved. JEL classi®cation: G21; G34 0378-4266/99/$ ± see front matter Ó 1999 Elsevier Science B.V. All rights reserved. PII: S 0 3 7 8 -4 2 6 6 ( 9 8 ) 0 0 0 9 0 -9
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