exacerbate the reaction. When a FO is used by a busy board, the market reacts more negatively to the merger announcement. In …

and above the normal charge-offs. This paper examines the risk associated with post-merger variability in the charge … measure of risk to profitability in a bank's loan portfolio based on traditional portfolio theory. This measure is used to … the years following the merger. The paper finds that the combined loan portfolios of merging BHCs have higher than average …

-taking. These results are consistent with the “takeover incentive hypothesis,” an original proposition stating that GPs influence … risk-taking through the incentive of a CEO with a GP to accept a takeover, as well as delta's role in affecting the weight … of the CEO's incentive to maximize the expected takeover-associated equity portfolio wealth. The findings do not support …

Political and regulatory uncertainty is strongly negatively associated with merger and acquisition activity at the …

be renegotiated, to feature slower completion times, and to fail even after controlling for merger arbitrage spreads and …

analysis reveals that the acquirer captures a greater fraction of merger gains relative to the targets in such a deal, which … indicates that the target's bargaining position in merger negotiations is weakened during its national election year. Political …