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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
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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
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Abnormal Returns of Japanese Acquisition Bidders - Impact of Pro-M&A Legislation in the 1990s
Higgins, Huong N. - 2009
-M&A legislation in Japan. These findings help determine gains from trading strategies for M&A deals in Japan, and provide insight into … the current M&A environment in Japan as shaped by pro-M&A legislation …
Persistent link: https://www.econbiz.de/10013156625
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Blockholder and Firm Performance : Quasi-Experiment Using Japanese Bank Mergers
Suzuki, Katsushi - 2014
ratio by the blockholder affects companies' operating performance and bank-firm relationships. In Japan, banks are …
Persistent link: https://www.econbiz.de/10013063183
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Board structure, CEO equity-based compensation, and financial performance : evidence from MENA countries
Aljughaiman, Abdullah A.; Almulhim, Abdulateif A.; Al … - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-17
This paper investigates the association between board of director (BOD) structures and CEO equity-based compensation (long-term incentive) for commercial banks (conventional and Islamic banks) in MENA countries. Specifically, we take board size and board independence to measure the board...
Persistent link: https://www.econbiz.de/10014502318
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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
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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
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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
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How (if any) Uniform Corporate Governance Measures Matter for Executive Compensation Practice at Closely-Held Banks
Slomka-Golebiowska, Agnieszka - 2013
The aim of this paper is to examine the executive compensation practices in closely-held financial institutions where the corporate governance conflict lies between the blockholder on one hand and minority shareholders and depositors on the other. We study the determinants of the level of bank's...
Persistent link: https://www.econbiz.de/10013075367
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Agency Cost of CEO Perquisite in the Bank Loan Contracts
Chan, Chia-Ying - 2017
This study investigates whether CEO perquisite of borrowing firms plays any significant role, both in terms of price and non-price settings, in financial contracts and reveals that lending banks demand significantly higher return (spread), more collateral, and stricter covenants from firms with...
Persistent link: https://www.econbiz.de/10012964677