Bank consolidation is a global phenomenon. It may enhance the value of firms in the industry if, for example, it is … bank holding companies in the U.S., we find strong evidence of managerial entrenchment that influences how asset … acquisitions and sales affect financial performance. We measure bank financial performance both by Tobin's q ratio and by its …

are regulated, including the need to obtain a charter to operate and explicit and implicit federal guarantees of bank … liabilities to reduce the probability of bank runs. These aspects of banking affect a bankś choice of risk vs. expected return …, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect the valuable charter from …

portfolio production that was estimated for a sample of highest-level U.S. bank holding companies in Hughes, Lang, Mester, and … experience clear gains in their financial performance, but society also benefits from the enhanced bank safety that follows from …

-sectional data on publicly traded, highest-level U.S. bank holding companies, we find empirical evidence of Marcus? proposition (1984 …