relating social performance to expected returns in which enhanced investments in corporate social responsibility mitigate bank … specific risks explain our findings. However, only better corporate governance represents a tool in reducing bank …

-oriented regime for merger control increases banks’ stock prices, whereas it decreases those of non-financial firms. Moreover, bank … merger targets become more profitable and larger. A major determinant of the positive bank returns, after controlling inter … alia for the general quality of institutions and individual bank characteristics, is the opaqueness that characterizes the …

bank loans to U.S. firms over the period of 1980- 2003. We find that investors react positively to such announcements if …’s headquarters state. Investor reaction is, in fact, the largest when the bank is foreign. Our evidence suggest that investors value … bank identities and reputation seem to matter a great deal. …