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that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where … results suggest that consolidation in the banking industry may have enhanced rather than restricted the availability of credit …
Persistent link: https://www.econbiz.de/10005836119
In this study, we examine unsuccessful takeover attempts for new evidence on whether mergers create or destroy value … literature on signaling by investigating whether a takeover attempt signals investors about the quality of firm management as … partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains …
Persistent link: https://www.econbiz.de/10005837001
This article analyzes the profitability of the banks in six European countries between 1994 and 1997. We deal with the … link between profitability and certain external and interns' determinants of European banking system. Following a …
Persistent link: https://www.econbiz.de/10005015590
Through a consideration of factors which have resulted in a more reduced role for the external auditor in certain jurisdictions – when compared to others, this paper will consider, as well as highlight why an enhanced awareness of the role of the external auditor in such jurisdictions will be...
Persistent link: https://www.econbiz.de/10009647355
In Part One of this paper we use the harmonic analogy of a musical octave to analyze mathematic ratios of U.S. real GNP. These ratios are generated by bringing together figures for U.S. real GNP over intervals of time – “spreads of years” – as numerator and denominator in a single...
Persistent link: https://www.econbiz.de/10011260269
The Long-Wave theories of Nikolai Kondratiev and others claim to find mathematic waves in economic and other social data which are at present in dispute. Currently the theory is considered outside the scope of mainstream economics under several rationales. Despite the lack of mainstream...
Persistent link: https://www.econbiz.de/10009283805
There is a widespread view that reducing national debts and deficits, or “consolidating” them, causes austerity or would hinder the recovery. The reality is that reducing structural debts and deficits and “stimulus debts” is easily done without any significant deflationary effects. In...
Persistent link: https://www.econbiz.de/10009353824
Consolidation in the banking industry has caused concern about the survival of small banks. However, empirical evidence … shows that often small banks are performing better than larger banks in terms of loan growth and profitability. This paper … relationship between loan growth and profitability and credit risk to point out which small banks can continue to be a viable …
Persistent link: https://www.econbiz.de/10005616823
This paper tries to address the extent, nature and impact of the recent surge in consolidation strategies especially in … the consolidation strategies followed by the firms enabled them to cut down the wasteful expenses to a greater extent and …
Persistent link: https://www.econbiz.de/10005620025
The aim of the present paper is to highlight the degree of European stock market integration. We structured our research on two sections obeying the following order: the first one presents some considerations of the academic literature studying the field and the second analyses the main...
Persistent link: https://www.econbiz.de/10009025309