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We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...
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In this research, we investigate the valuation effect on acquiring banks during different window of events. The research is conducted on the US and the European banks mergers and acquisition during the period of 2004 through 2010 with special focus on bank mergers during the financial crisis of...
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/methodology/approach - This paper presents a model of the disciplinary takeover based on the efficient market hypothesis which provides … appropriate measures for it to examine the financial performance of acquiring banks after takeover. Findings - The results … indicate that the takeover market for large banks was ineffective in two aspects: the market did not distinguish strong banks …
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banks in each Europe, Germany and USA between 1994-2009. We identified different main reasons for the banks in each region …
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