argue that our finding represents the incidence of “positioning” merger (Gorton et al., 2009). Moreover, transfer of …

Abstract: Using a unique sample of 425 bank mergers in the US announced between 2000 and 2008 this paper provides clear … evidence supporting the collusion and productive efficiency hypotheses. By analyzing 425 bank mergers and a total of 1112 … attributed to either the collusion, productive efficiency, acquisition probability or pre-emptive merger hypothesis. In contrast …

German banks experienced a merger wave throughout the 1990s. However …

The inability of most bank merger studies to control for hidden bailouts may …

Largely constant average acquirer returns over the past four decades mask fundamental changes in the takeover market … consistent with rising merger synergies that have become less bidder-specific …

provide evidence that the size of the acquiring banks and the debt to equity ratio of the target bank play an important role …

provide evidence that the size of the acquiring banks and the debt to equity ratio of the target bank play a significant role …