Package Bidding is a practice by which a package of two or more items is sold off. We evaluate the practice of Package Bidding that was used to resolve the large number of failed thrifts in 1988. Our results, based on a data set from the quot;Class of 1988quot; that includes details of the...

This paper extends prior work on the links between political patronage and capital structure in developing economies. Three proxies of political patronage are developed and applied to a group of Malaysian firms over a 10-year period. We find a positive and significant link between leverage and...

We provide evidence on operating performance changes at a sample of U.S. banks acquired by non-U.S. banking organizations over the 1980-2001 period. Our sample allows us to compare directly the pre-acquisition performance of the targets with their post acquisition performance, a comparison that...