We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii …) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a … dynamic model with a dissipative cost of bank capital that is traded off against the benefits of capital: strengthened …

goal of this paper is to investigate the change in operating performance, efficiency, and value addition of US bank mergers … examine the factors that have significant impact on changes in bank performance. Our empirical results lead to the conclusion …

takeover of U.S. thrifts during a period of market liberalization and widespread takeover activity, 1994 to 2000. In the first … cost inefficiency. For takeovers by banks, a significant negative relationship between cost inefficiency and takeover is …