Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit … banks in individual EU countries help to explain the nature of cross-border merger activity. If they wish to protect …

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 …

merge and post-merger value creation and synergies? We compile comprehensive information on U.S. bank acquisitions from 1986 …

Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in …-in acquisitions, parent firms may be trying to quickly restructure acquired firms even at the cost of deteriorating profitability … acquisition target based on its productivity level, profitability and other characteristics and whether the performance of …

We explore how changes in ownership and managerial control affect the productivity and profitability of producers … gains in capacity utilization that raised both their productivity and profitability levels, consistent with acquiring owner …

Do acquirors profit from acquisitions, or do CEOs overbid and destroy shareholder value? We propose a novel approach to … measuring the long-run returns to mergers. In a new data set of close bidding contests we use losers' post-merger performance to … closely comoving in the years before the contest, providing support for our approach to identification. After the merger, they …