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that the industry-adjusted operating performance of merged banks increases significantly after a merger. This finding is … significantly after a merger. Revenue enhancement opportunity appears to be more profitable if there exists more opportunity for …
Persistent link: https://www.econbiz.de/10012964750
How does the difference in financing influence the M&As’ effects on businesses in the banking industry? Case study method is applied to evaluate two deals, which are BB&T & SunTrust and KeyCorp & First Niagara Financial Group (one all-equity financed and one cash & equity financed). It is...
Persistent link: https://www.econbiz.de/10014254530
We study characteristics of Specified Purpose Acquisition Companies (SPACs) and examine the performance of their securities over time. We find that SPACs represent a fairly unique way to raise capital. The incentives of their founders, underwriters, and investors are interdependent and...
Persistent link: https://www.econbiz.de/10009656245
This study examines the merger announcement and post-announcement value effects of special purpose acquisition company … (“SPAC”) transactions in the United States from January 2010 up to March 2021. It finds positive cumulative abnormal merger … are on average positive up until 15 months after merger announcement and negative afterwards. This study shows the effect …
Persistent link: https://www.econbiz.de/10013210949
Purpose – This paper examines whether and how females on the board of directors affect US-listed companies’ merger and …
Persistent link: https://www.econbiz.de/10014236784
This paper investigates the value successful bidders generate from acquiring less liquid targets. This synergy is traced with both theoretical and empirical evidence from the squeeze-out stage of going private transactions, when bidders hold sizeable toeholds in target shares. On one side, via...
Persistent link: https://www.econbiz.de/10012936309
This study examines the impact of merger and acquisition (M&A) announcements made by U.S. companies listed on New York …
Persistent link: https://www.econbiz.de/10013143825
A common method of valuing the equity in highly leveraged transactions is the flows-to-equity method. When applying this method various formulas can be used to calculate the time-varying cost of equity. In this paper we show that some commonly used formulas are inconsistent with the assumptions...
Persistent link: https://www.econbiz.de/10008797682
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