Similar Search Results

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

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

Management-Employee Relations, Firm Size, and Job Satisfaction

Tansel, Aysit; Gazioglu, Saziye - 2013

This paper investigates the job satisfaction in relation to managerial attitudes towards employees and firm size using the linked employer-employee survey results in Britain. We first investigate the management-employee relationships and the firm size using maximum likelihood probit estimation....

Persistent link: https://www.econbiz.de/10010500240

Switching costs, firm size, and market structure

Loertscher, Simon; Schneider, Yves - 2005

In many markets, homogenous goods and services are sold both by large global frms and small local frms. Surprisingly, the large frms charge, often substantially, higher prices. Examples include hotels, airlines, and coffee shops. This paper provides a parsimonious model that can account for...

Persistent link: https://www.econbiz.de/10010315515

Does geography matter to bondholders?

Francis, Bill; Hasan, Iftekhar; Waisman, Maya - 2007

We find that the location of corporate headquarters significantly affects the firm’s bondholders. Similar to Loughran and Schultz (2006) and others, who show that investors are better able to obtain information on nearby companies, we look at firms located in large metropolitan cities, small...

Persistent link: https://www.econbiz.de/10010292217

When target CEOs contract with acquirers: Evidence from bank mergers and acquisitions

Brewer, Elijah; Jackson, William E.; Wall, Larry D. - 2006

This paper investigates the impact of the target chief executive officer's (CEO) postmerger position on the purchase premium and target shareholders' abnormal returns around the announcement of the deal in a sample of bank mergers during the period 1990-2004. We find evidence that the target...

Persistent link: https://www.econbiz.de/10010292238

What do premiums paid for bank M&As reflect? The case of the European Union

Hagendorff, Jens; Hernando, Ignacio; Nieto, Maria J.; … - 2010

We analyze the takeover premiums paid for a sample of European bank mergers between 1997 and 2007. We find that … supervision and of deposit insurance regimes in Europe has measurable effects on takeover pricing. Stricter bank regulatory … regimes and stronger deposit insurance schemes lower the takeover premiums paid by acquiring banks. This result, presumably in …

Persistent link: https://www.econbiz.de/10010292291

The safety and soundness effects of bank M&A in the EU

Hagendorff, Jens; Nieto, Maria J.; Wall, Larry D. - 2012

This paper studies the impact of European bank mergers and acquisitions on changes in key safety and soundness measures of both acquirers and targets. We find that capitalization, profitability, and liquidity show signs of statistically and economically significant mean reversion for acquirers....

Persistent link: https://www.econbiz.de/10010292358

1
2
3
4
5
6
7
8
9
10
Next
Last