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OPERATING PERFORMANCE AND MERGER BENEFITS: THE SAVINGS AND LOAN EXPERIENCE
Author(s) -
Neely Walter P.,
Rochester David P.
Publication year - 1987
Publication title -
financial review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.621
H-Index - 47
eISSN - 1540-6288
pISSN - 0732-8516
DOI - 10.1111/j.1540-6288.1987.tb00321.x
Subject(s) - loan , univariate , multivariate probit model , test (biology) , probit model , multivariate statistics , business , actuarial science , multivariate analysis , econometrics , economics , finance , statistics , mathematics , paleontology , biology
This research examines the operating performance benefits attained by merging savings institutions. Merging and nonmerging savings and loan associations are compared before and after the merger year on the basis of financial performance. A univariate test of differences and a multivariate test, probit analysis, are used to distinguish between the two groups. Improvements in operating performance are found for the merged savings institutions.