Con Annibale Alle Porte. LLInternazionalizzazione Del Sistema Bancario E Il Caso Italiano.(Hannibal is Coming. The Internationalization of Italy's Banking System)

Are There Conditions That Can Predict When an M&A Works? The Case of Italian Listed Banks

“…Due to the heterogeneous nature of the banks in question, differing in their international presence and strategic objectives, it does not make sense to lump them together as if they were part of some common trend (Esposito 2014). According to the Bank of Italy's classification (2017), we clustered the listed banks into two groups according to their size (assets below/above €30 million) and degree of international openness (<4 foreign bank branches versus >4 foreign bank branches).…”

“…According to the Bank of Italy's classification (2017), we clustered the listed banks into two groups according to their size (assets below/above €30 million) and degree of international openness (<4 foreign bank branches versus >4 foreign bank branches). The idea is that when Italian banks are solid, they go abroad (Paladino 2007;Esposito 2014). The details of this classification are reported in Appendix A (Table A1).…”