Mergers and acquisitions (M&As) are mainly a mechanism used in the Latin American banking industry to carry out … business consolidation. This paper focuses on the effect of M&A announcements on stocks of Latin American banks and their … impacts on event-induced variance (EIV). We use the GARCH-based event-study method. We find that acquirers and target banks …

We analyze the role of bank mergers as determinants of the evolution of branch presence at the county level. Panel …- and post-crisis. The results indicate that bank mergers contributed to the increase of branches in the pre-crisis period … and to its reduction in the post-crisis period, but the expansion effect of the mergers before the crisis mainly took …

When investment banks advise on merger and acquisition (M&A) transactions, are they fiduciaries of their clients … bank behavior. This Article counters that view, arguing that investment banks are rightly characterized as fiduciaries of … assessing the liability rules that will most effectively deter disloyalty on the part of investment banks toward their M …

We use data from the past 30 years of takeover activity in the U.S. banking industry to test competing neoclassical and … misvaluation merger theories. Test results are consistent with evidence in the literature that merger activity is significantly … due to deregulation. A measure of bank risk taking subsumes the power of stock price misvaluation to explain subsequent …

a dataset of small business financing, we find that mergers of small banks have a negative impact on soft information … acquisition, whereas mergers of large banks have no impact. We also find some evidence that an increase in organizational …We empirically examine the impact of bank consolidation on bank acquisition of soft information about borrowers. Using …

There is little consensus regarding the overall performance of mergers and acquisitions in the banking industry. The … goal of this paper is to investigate the change in operating performance, efficiency, and value addition of US bank mergers … and acquisitions after GLBA. We extend the previous research by combining all the previous methodologies used in mergers …

Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are … corporate governance but are positively correlated with pre-post merger changes in the M/B ratio of the bidding banks, in line … significantly negatively related to the strength of corporate governance within the bidding bank. This suggests that bonus …

The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has … problems involved. In this study, we analyze the effect of German bank mergers in the period 1995-2000 on banks' profitability … predominantly under-performing banks engage in mergers. Our results indicate a neutral effect of mergers on profitability and a …

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

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