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financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …
Persistent link: https://www.econbiz.de/10014337771
This paper studies the impact of technological change and regulatory competition on governmental efforts to generate rents for banks in two stylized regulatory environments. In the first environment, incentive-conflicted regulators attempt to create rents by restricting the size and scope of...
Persistent link: https://www.econbiz.de/10012471631
We examine the effects of bank merger and local market characteristics on local small business lending. Mergers … number of small firms. Post-merger activity supports banks expanding on their acquisition strategy decisions. The findings … one-size-fits-all policy solutions for bank mergers may not produce common local outcomes …
Persistent link: https://www.econbiz.de/10012629504
banks in individual EU countries help to explain the nature of cross-border merger activity. If they wish to protect …
Persistent link: https://www.econbiz.de/10012463202
We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the government's too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though...
Persistent link: https://www.econbiz.de/10012465251
Persistent link: https://www.econbiz.de/10012467179
one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined …The merger of Fleet and BankBoston in September 1999 resulted in a regional New England lending market in which only … merger, Fleet and BankBoston charged unusually low loan interest rates, reflecting their ability to realize economies of …
Persistent link: https://www.econbiz.de/10012467332
We analyze data on fees paid to investment bankers and acquisition premia paid for targets in cash tender offers. Our results are broadly consistent with the predictions of a benign view of the role of investment banks in advising acquisition targets. Fees to investment banks are correlated with...
Persistent link: https://www.econbiz.de/10012467350
Previous studies of event returns surrounding bank mergers show that banks gain value in megamergers and additional …
Persistent link: https://www.econbiz.de/10012468853
merge and post-merger value creation and synergies? We compile comprehensive information on U.S. bank acquisitions from 1986 …
Persistent link: https://www.econbiz.de/10012455212