Lepetit, Laetitia; Patry, Stephanie; Rous, Philippe - In: Applied Financial Economics 14 (2004) 9, pp. 663-669
This study examines the stock market valuation in terms of expected gains of mergers and acquisitions (M&As) amongst banks that were announced from 1991 to 2001 in 13 European markets. M&As are classified according to activity, geographic specialization or diversification. A bivariate GARCH...
