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Aggressive CEOs and Bank Mergers and Acquisitions

Ji, Mingming; Jiang, Liangliang - 2022

The U.S. banking industry has seen waves of mergers since the 1980s. Despite a significant body of research on the determinants of these waves, there are few studies of how CEOs influence banks’ mergers and acquisitions (M&As). This paper studies the effect of CEO aggressiveness on bank M&As....

Persistent link: https://www.econbiz.de/10013405017

Governance and Merger Activity in Banking

Piskula, Thomas J. - 2012

One method of evaluating the success of management decisions regarding acquisitions is to examine equity price movements as the news of the merger is made public. The price movement of the acquiring firm's equity around the announcement of the acquisition indicates if shareholders believe...

Persistent link: https://www.econbiz.de/10013114289

Abnormal Returns of Japanese Acquisition Bidders - Impact of Pro-M&A Legislation in the 1990s

Higgins, Huong N. - 2009

This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by Japanese bidders during the 1990s. Domestic versus global bids and pro-M&A legislation are considered as determinants of bidders' abnormal returns. The results show that bidders for domestic targets...

Persistent link: https://www.econbiz.de/10013156625

Bank Integration and the Market for Corporate Control : Evidence from Cross-State Acquisitions

John, Kose - 2019

How does bank integration affect the market for corporate control for nonfinancial firms? We provide causal evidence that interstate bank deregulation affects acquisitions mainly through reducing the information asymmetry between acquirers and targets, instead of increased credit supply. After...

Persistent link: https://www.econbiz.de/10012900778

Corporate Governance, Bank Mergers and Executive Compensation

Liu, Yan - 2014

Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are significantly negatively related to the strength of corporate governance within the bidding bank. This suggests that bonus compensation is not consistent with the “optimal...

Persistent link: https://www.econbiz.de/10013043231

Blockholder and Firm Performance : Quasi-Experiment Using Japanese Bank Mergers

Suzuki, Katsushi - 2014

Using the Japanese bank merger dataset for the 2000s, this paper investigates whether the reduction of the ownership ratio by the blockholder affects companies' operating performance and bank-firm relationships. In Japan, banks are prohibited from holding more than 5% of the business company's...

Persistent link: https://www.econbiz.de/10013063183

Minority Shareholders' Enforcement of Corporate Governance in Takeovers : An English Law Perspective on the Belgian Fortis Bank Case

Lee, Joseph - 2016

The Fortis Bank takeover court case demonstrates how shareholders' claims can make a merger and takeover case less … speedy and, indeed, more costly. The case also raises a number of legal issues relating to corporate governance in a takeover …-market efficiency and social-legal justice in intervening in a financial takeover. The case reveals the divergent views taken by the two …

Persistent link: https://www.econbiz.de/10012998313