This paper analyzes empirical evidence regarding mergers and acquisitions in the global financial services industry. It examines the global deal-flow during the eleven-year period 1985-95 and generates a global typology of intra- and inter-sectoral Mamp;A transactions among and between banks,...

The Mexican financial crisis of late 1994 and early 1995 resulted in a linked collapse of stock market values in almost all developing countries, regardless of economic policies or performance. The contagion effect was clear, and much commented on, if not fully explainable by either theory or...

This paper examines the competitive dynamics of the securities industry in Europe and seeks to identify the major sources of competitive advantage for firms participating in the European industry in the future. It compares a variety of developments to date in the European market with those that...

This paper analyzes empirical evidence regarding mergers and acquisitions in the global financial services industry. It examines the global deal-flow during the eleven-year period 1985-95 and generates a global typology of intra- and inter-sectoral Mamp;A transactions among and between banks,...

This paper examines the potential for conflicts of interest in the debt ratings business. Inherent in the current business model is the fact that firms whose obligations are rated by the agencies pay fees for those ratings, which in turn comprises virtually all of the revenues of the rating...

This paper examines the potential for conflicts of interest in the debt ratings business. Inherent in the current business model is the fact that firms whose obligations are rated by the agencies pay fees for those ratings, which in turn comprises virtually all of the revenues of the rating...

The original venture capitalists were wealthy acirc;not;Sangels,acirc;not;? often entrepreneurs themselves, who funded promising business ventures that came to their attention in the late 19th and early 20th Centuries. A number of these families continued to make such investments after their own...

This paper assesses the efforts to acirc;not;Sclean upacirc;not;? financial markets and corporate governance practices in the wake of the bankruptcies and scandals of the early 2000s. It begins by reviewing what actually happened during that period, what damages ensued and the responses of...

quot;Event investingquot; is an investing strategy that focuses on securities of companies undergoing major structural change, whether by merger, or acquisition or reorganization. It does not involve judgments about markets or the economy. In the past this strategy was more commonly known as...