Niveau: Supérieur, Doctorat, Bac+8
1 Strengths and Weaknesses of European Banks: What Lessons for Future Restructuring? Draft version (please do not quote) Esther Jeffers, Université Paris 8 LED et CEPN-CNRS JeffersEsther @aol.com Abstract: Until 1999, M&A operations in Europe occurred mainly on a national basis. Since then, a second phase, more open to cross-border acquisitions, seems to have begun. If this does happen, the first question that arises is where will these operations take place? Why do cross-border mergers and acquisitions occur in some countries and not in others? In the first part of this paper we shall examine some theoretical aspects of the internationalization of banking in order to better understand the underlying logic. In the second section we shall analyze the strengths and weaknesses of the main European banking industries in order to describe how they position themselves in relation to their competitors. On the basis of these studies we then seek to isolate the aggressive aspects (factors of internationalization) or, on the contrary, the “porous” aspects (factors encouraging the aggressiveness of others) of the main European banking systems. The goal is to determine which countries are the most likely to be at the origin of moves that recompose European banking.
- literature concerning
- international trade
- european banking
- main european
- then capable
- internationalization
- products offered
- european banks
- factors