Fuzje i przejęcia w sektorze bankowym w Europie (UE-25) jako czynnik wpływający na finansowanie przedsiębiorstw w ujęciu makro

• Autorzy: Jakub Świetlik

Warianty tytułu

Mergers and acquisitions in the banking sector in Europe (EU-25) as a factor contributing to the financing of enterprises in terms of macro

• Języki publikacji: PL

Abstrakty

Wielkość instytucji kredytowych oraz stopień koncentracji rynku bankowego co najmniej od Wielkiego Kryzysu z 1929 r. stanowią ważny punkt zainteresowania polityków, badaczy, ideologów i opinii publicznej krajów rozwiniętych. W ostatnich latach zagadnienie to ponownie wysunęło się na pierwszy plan jako jedna z najważniejszych przyczyn wybuchu i rozprzestrzenienia się kryzysu finansowego i gospodarczego w latach 2008-2010. Okazuje się, że postępująca koncentracja sektora bankowego i rozrost instytucji kredytowych - będąc procesem długotrwałym - wywołuje skutki nagłe i nieprzewidziane, nie tylko w obszarze samego rynku finansowego, lecz także w realnej gospodarce. (original abstract)

EN

The aim of the study is answering the question if the number and the value of mergers and acquisitions in the European banking sector (EU-25), particularly in the context of their dynamics during the last economic crisis, is connected with the enterprises' access to finance. The research relates the long-term structural changes of the European banking sector, changes in the value and the number of M&A in this sector, and macroeconomic variables to the value of the credit for non-financial corporations. While the identified relations do not allow recognizing important relationships between the processes of consolidation and the value of credit for the timespan 2002-2008, the value of the M&A transactions became most significant among the considered factors, influencing corporate bank lending, from 2008 onwards. The paper consists of five parts: - the first part defines the role of the banking sector in the economic growth and describes ts long-term structural changes, - the second part comprises the description of the changes in the area of M&A in relation to the crisis of 2008-2010, - the third part contains a literature review concerning the links between banking sector consolidation and corporate financing, - the fourth part comprises the introductory investigation of the relationships among particular macroeconomic variables in this area, - the fifth part consists of the recommendations for the further investigation. (original abstract)

Słowa kluczowe

PL

Fuzje i przejęcia; Sektor bankowy; Instytucje kredytowe; Kryzys finansowy; Finanse przedsiębiorstwa

EN

Mergers and acquisitions; Banking sector; Credit institution; Financial crisis; Enterprise finance

• Czasopismo: Zeszyty Naukowe / Szkoła Główna Handlowa. Kolegium Gospodarki Światowej
• Rocznik: 2012
• Numer: nr 33
• Strony: 92--115

Twórcy

autor

Jakub Świetlik

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