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The Effect of Mergers and Acquisitions on Bank Performance in Egypt

Badreldin, Ahmed Mohamed; Kalhöfer, Christian - 2021

Recent economic reforms in Egypt have significantly improved its macroeconomic indicators and financial sector. Banks have witnessed significant merger and acquisition activity as a result of these reforms in attempts to privatize and strengthen the banking sector. This study measures the...

Persistent link: https://www.econbiz.de/10013245488

CSR and firm survival: Evidence from the climate and pandemic crises

Chemmanur, Thomas J.; Gounopoulos, Dimitrios; … - 2022

We analyse the relationship between the extent of a firm's corporate social responsibility (CSR) and its long-term survival probability. We conjecture that a better CSR rating is associated with a lower probability of corporate failure and a longer survival period. Consistent with this, we...

Persistent link: https://www.econbiz.de/10013254722

Social Capital and the Viability of Stakeholder-Oriented Firms: Evidence from Norwegian Savings Banks

Ostergaard, Charlotte; Schindele, Ibolya; Vale, Bent - 2009

Stakeholder oriented governance systems are often thought to hamper efficiency. We show that social capital improves the viability of stakeholder-oriented firms in competitive markets. Studying exits from the population of Norwegian savings banks after deregulations, we find that banks located...

Persistent link: https://www.econbiz.de/10012143719

Financing and Takeovers

Morellec, Erwan; Zhdanov, Alexei - Institut für Schweizerisches Bankwesen <Zürich> - 2006

This paper analyzes the interaction between financial leverage and takeover activity. We develop a dynamic model of …, and takeover terms, in which the bidder with the lowest leverage wins the takeover contest. Based on the resulting … bidder is below the industry average and that acquirers should lever up after the takeover consummation. The model also …

Persistent link: https://www.econbiz.de/10005858240

Determinants of domestic and cross-border bank acquisitions in the European Union

Hernando, Ignacio; Nieto, María J.; Wall, Larry D. - 2008

This paper analyzes the determinants of bank acquisitions both within and across 25 members of the European Union (EU-25) during the period 1997-2004. Our results suggest that poorly managed banks (those with a high cost-to-income ratio) and larger banks are more likely to be acquired by other...

Persistent link: https://www.econbiz.de/10010292345

Are there waves in merger activity after all?

Gärtner, Dennis; Halbheer, Daniel - 2006

This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime switching model. Using quarterly data covering the last thirty years, for the US, we identify the beginning of a merger wave in the mid 1990s but not the much-discussed 1980s merger wave. We argue...

Persistent link: https://www.econbiz.de/10010315576

Financial inclusion: Concepts, issues and policies for India

Singh, Nirvikar - 2017

This paper lays out some of the basic concepts surrounding financial inclusion, including access to banking, digital payments and financial literacy, as well as markets for health insurance, crop insurance, agricultural credit, small firm finance, and microcredit/ microfinance. It goes on to...

Persistent link: https://www.econbiz.de/10012013812

Can the greater fool theory explain bubbles? Evidence from China

Zou, Xuan - 2018

Many have noticed the phenomenon that naive investors are attracted to the market as stock prices soar, yet few empirical studies have tested for this bubble phenomenon. This paper presents previously unused data on the aggregate number of newly opened brokerage accounts in China and tests the...

Persistent link: https://www.econbiz.de/10012028611

The probability of getting a loan: Evidence from Indian cities

Ray, Saon; Miglani, Smita; Paul, Sandeep - 2019

Financial inclusion or access to financial services, is a major development goal for all nations across the globe. Financial inclusion does not concern only "access, but also the "use"" of financial services. This paper examines the loan taking behavior of individuals based on survey of 844...

Persistent link: https://www.econbiz.de/10012099541

Happiness and Gold Prices

Byström, Hans - 2020

We use the Twitter-based Hedonometer happiness index to study the link between happiness and gold price changes. We find no significant correlation between the two when we look at correlations across the entire distributions. However, turning to an extreme value theory (EVT) modeling of the...

Persistent link: https://www.econbiz.de/10013208864

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