An Empirical Study of the Operational Performance of Banks Before and After M&A
实证研究了21世纪初银行业并购前后银行的经营绩效，发现并购后五年内盈利能力显著下降，主因是信贷质量控制和成本控制不足。
This paper empirically studies the operational performance of banks before and after MA of banking industry in the early 21 century.The result shows that merged banks had been underperformed the average level and the profitability declined significantly during the first five years following a merger activity.The main cause was that of the poor credit quality control and inadequate cost control.Asset allocation shifting towards loan portfolio did not contribute significantly to the improvement of post-merger performance.Bank capitalization significantly was correlated with the profitability ratio but its changes in post-merger period were not significant.