Knapp, Morris; Gart, Alan; Becher, David - In: The Financial Review 40 (2005) 4, pp. 549-574
This paper examines the results of material mergers between bank holding companies (BHCs). Merged BHCs experience post-merger profitability below the industry average. The market reaction to the merger announcements is significantly negative. The most important causes of the poor post-merger...