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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
We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...
Persistent link: https://www.econbiz.de/10014287330
traditional merger analysis. Neither subsequent entry nor follow-on mergers necessarily mitigate the problem …
Persistent link: https://www.econbiz.de/10014576659
similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank …
Persistent link: https://www.econbiz.de/10014486246
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