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The literature has shown that in the short- and medium-term bank mergers and acquisitions (M&As) may generate a … temporary reduction in firm credit. Using bank-firm matched data, this paper investigates the impact of M&As involving Italian … existing evidence. The drop is smaller for infra-group mergers, when the target is healthy or is the firm’s main bank, while is …
Persistent link: https://www.econbiz.de/10014253978
The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue … deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a … around the merger announcement through abnormal returns to UBS stockholders (7.95%) and CS bondholders (34.74%), equivalent …
Persistent link: https://www.econbiz.de/10014349670
This paper analyzes the monthly evolution of bank competition in Mexico from 2008 to 2019 using different measures …
Persistent link: https://www.econbiz.de/10012584137
We assess the effects on the welfare of corporate borrowers of the recent wave of bank consolidations in the United …
Persistent link: https://www.econbiz.de/10013132854
government safety net. The findings indicate that as statutory restrictions on bank expansion faded over time, size …-related efficiency gains receded, and as bank size continued to expand through market overlap mergers, market power gains emerged. When … onto the government safety net. These finding have implications for reform proposals that aim to restrict bank size in the …
Persistent link: https://www.econbiz.de/10013133470
government safety net. The findings indicate that as statutory restrictions on bank expansion faded over time, size …-related efficiency gains receded, and as bank size continued to expand through market overlap mergers, market power gains emerged. When … onto the government safety net. These finding have implications for reform proposals that aim to restrict bank size in the …
Persistent link: https://www.econbiz.de/10013133805
-relationship borrowers who "switch" to another bank following a merger will be less harmed than those whose relationship is "dropped" and not … to be dropped. We track post-merger performance and show that many dropped target-bank borrowers are harmed by the merger …Assessing the impacts of bank mergers on small firms requires separating borrowers with single versus multiple banking …
Persistent link: https://www.econbiz.de/10013137850
categorize the sample M&A deals as (1) Acquisition of Pakistani banks by the foreign investors, (2) Merger of Pakistani banks … with the other domestic banks and (3) Merger of Pakistani banks with the foreign banks operating in Pakistan. The results … indicate statistically significant investor reactions around the merger announcements. For individual target and bidder banks …
Persistent link: https://www.econbiz.de/10013139589
We investigate the impact of cross-border takeovers on target banks' profitability, efficiency, and market share in Ukraine, an exemplar of a country with poor institutional quality. We rely on a combination of propensity score matching with the difference-in-difference methodology, and our main...
Persistent link: https://www.econbiz.de/10013119990
concentration indices (k bank concentration ratios (CR5) and the Herfindahl-Hirschman indices (HHI)).Empirical analysis shows that …
Persistent link: https://www.econbiz.de/10013096327