期刊名称：Journal of Applied Economics and Business Research
电子版ISSN：1927-033X
出版年度：2016
卷号：6
期号：2
页码：106-125
出版社：Journal of Applied Economics and Business Research
摘要：This paper examines the impact of CAMEL criteria (i.e., capital adequacy, asset quality, management, earnings, and liquidity) and miscellaneous size factors on bank rating changes of global financial institutions. This study uses the ordered logit model with marginal effect to assess overall credit rating changes by comparing pre-M&A with post-M&A performance from the perspective of the acquiring banks. An effort to identify key elements that influence the success ratings of an appropriate M&A strategy for the banking sector seems advisable. Our results indicated the CAMEL criteria were referable for determining bank rating on pre-M&A performance, while capital adequacy and liquidity were suggested for considering the economy of scale of M&A performance since capital soundness accelerated M&A accomplished through the creation of synergy.
