Entrepreneurship and Sustainability Issues

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Received: 2022-09-02 | Accepted: 2022-11-04 | Published: 2022-12-30

Title

The impact of GDP on M&A volume in the European area in the context of the consolidation of the banking market

Abstract

The banking sector of any nation is its key driver because the performance of the financial sector plays a vital role in the development of any economy. The European banking sector has gone through a process of rapid changes during the past three decades. The established trend of liberalization and deregulation resulted in a wave of massive consolidation, which fundamentally changed the environment in which banks did business. The main purpose of this paper is to evaluate relationships and, above all, quantify the impact of GDP on the volume of cross-border mergers and acquisitions in the banking sector for the period 2004 – 2021 in selected countries of the European Area by applying three panel regression methods. From the values shown, it follows that the percentage growth of GDP has a significant effect on the percentage growth of the volume of cross-border mergers and acquisitions in the banking sector and thus was the established hypothesis confirmed. The results confirmed that 1% growth in the economy will cause a 32% increase in the volume of cross-border mergers and acquisitions in the European Area.

Keywords

cross-border merger, cross-border acquisition, gross domestic product, consolidation, banking sector, European Union

JEL classifications

F23 , G34 , O16

URI

http://jssidoi.org/jesi/article/1021

DOI

DOI 10.9770/jesi.2022.10.2(13)

Pages

207-216

Funding

This research was supported by the Scientific Grant Agency of the Ministry of Education, Science, Research, and Sport of the Slovak Republic and the Slovak Academy Sciences as part of the research project VEGA No. 1/0661/20: “Trends in development and determinants of cross-border mergers and acquisitions in the European area” and VEGA No. 1/0590/22: „Exploration of natural, social and economic potential of areas with environmental burdens in the Slovak Republic for the development of specific forms of domestic tourism and quantification of environmental risks”.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Vozarova, Ivana Kravcakova

University of Prešov, Prešov, Slovakia http://www.unipo.sk

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Kosikova, Martina

University of Prešov, Prešov, Slovakia http://www.unipo.sk

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Heckova, Jaroslava

University of Prešov, Prešov, Slovakia http://www.unipo.sk

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Chapcakova, Alexandra

University of Prešov, Prešov, Slovakia http://www.unipo.sk

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Fulajtarova, Maria

Technical University of Košice, Košice, Slovakia http://www.tuke.sk

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Journal title

Entrepreneurship and Sustainability Issues

Volume

10

Number

2

Issue date

December 2022

Issue DOI

DOI 10.9770/jesi.2022.10.2

ISSN

ISSN 2345-0282 (online)

Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Article views & downloads

HTML views: 867 | PDF downloads: 456

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