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Are Credit Rating Disagreements Priced in the M&A Market?

Hasan, Iftekhar; Huang, He; To, Thomas Y. - 2022

This paper examines the effect of credit rating disagreements on merger and acquisition (M&A) decisions. We show that acquirers with split ratings prefer to use stock to finance their acquisitions. More importantly, we find that acquirers with split ratings experience lower announcement returns....

Persistent link: https://www.econbiz.de/10013404205

The quality of banking and regional growth

Hasan, Iftekhar; Koetter, Michael; Wedow, Michael - 2007

We test whether output growth in European economic agglomeration regions depends on financial development. To this end we suggest a relative measure of the quality of financial institutions rather than the usual quantity proxy of financial development. In order to measure the quality of...

Persistent link: https://www.econbiz.de/10010295929

Bank relationships and small firms’ financial performance

Castelli, Annalisa; Gerald P. Dwyer, Jr.; Hasan, Iftekhar - 2006

We examine the relationship between the number of bank relationships and firms’ performance, evaluating possible … listed and for which bank debt is a major source of financing. In the sample, 4 percent of the firms have a single bank … as the number of bank relationships increases, with a stronger relationship for small firms than for large firms. We also …

Persistent link: https://www.econbiz.de/10010397608