We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging … banks, and the stock market response of rivals appear unaffected. The evidence suggests that the strengthening of merger …

The literature has shown that in the short- and medium-term bank mergers and acquisitions (M&As) may generate a … existing evidence. The drop is smaller for infra-group mergers, when the target is healthy or is the firm’s main bank, while is … temporary reduction in firm credit. Using bank-firm matched data, this paper investigates the impact of M&As involving Italian …

-border mergers and acquisitions (M&As). The proposed changes have become more significant today amidst the COVID-19 crisis and its … single banking market and to break the nexus between banks and sovereigns. Ideally, banks should be subject to a common set … amendments to the Union regulatory framework aiming to achieve a dual objective; to strengthen banks’ profitability and overall …

We investigate the impact of cross-border takeovers on target banks' profitability, efficiency, and market share in … for the presence of temporary unobservable factors. Our results show that foreign investors have acquired Ukrainian banks … with average efficiency and profitability, and that these indicators did not change significantly post-takeover. By …

they acquired many privately listed banks. Our analysis of the acquisition of the private bank Crédit Lyonnais by the …In France, mutual banks played a key role during the recent period of consolidation of the banking industry because … mutual bank Crédit Agricole illustrates three findings. First, the mutual bank had to create a new private bank (CASA), which …

Following a global wave of consolidation in the banking industry, this study analyses 132 mergers and acquisitions (M …&As) involving banks in emerging markets in Asia and Latin America between 1998 and 2009. An event study measures the change in …

This paper conjectures that when a bank's borrowing clients merge, the merger reduces the bank's risk. Because banks … this hypothesis. First, banks of the merger firms on average gained positive abnormal returns upon announcements of mergers … hypothesizes that banks benefit from client mergers. Using data from Japan in 1990-2004, when Japan's banking sector suffered from …

concentration indices (k bank concentration ratios (CR5) and the Herfindahl-Hirschman indices (HHI)).Empirical analysis shows that …

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 …

Assessing the impacts of bank mergers on small firms requires separating borrowers with single versus multiple banking …-relationship borrowers who "switch" to another bank following a merger will be less harmed than those whose relationship is "dropped" and not … to be dropped. We track post-merger performance and show that many dropped target-bank borrowers are harmed by the merger …