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dc.contributor.authorWorthington, AC
dc.date.accessioned2017-05-03T13:06:52Z
dc.date.available2017-05-03T13:06:52Z
dc.date.issued2004
dc.date.modified2009-03-26T06:41:30Z
dc.identifier.issn0148-2963
dc.identifier.doi10.1016/S0148-2963(02)00283-7
dc.identifier.urihttp://hdl.handle.net/10072/21730
dc.description.abstractA 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.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent76796 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.publisher.placeNew York, NY
dc.publisher.urihttp://www.elsevier.com/locate/jbusres
dc.relation.ispartofpagefrom47
dc.relation.ispartofpageto57
dc.relation.ispartofissue1
dc.relation.ispartofjournalJournal of Business Research
dc.relation.ispartofvolume57
dc.subject.fieldofresearchMarketing
dc.subject.fieldofresearchcode3506
dc.titleDeterminants of merger and acquisition activity in Australian cooperative deposit-taking institutions
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.rights.copyright© 2004 Elsevier. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2004
gro.hasfulltextFull Text
gro.griffith.authorWorthington, Andrew C.


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