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the efficiency of banks? Third, what are the risk effects of international bank mergers? We begin with a brief summary of …
Persistent link: https://www.econbiz.de/10003749984
Persistent link: https://www.econbiz.de/10011594566
This paper analyzes capital market reactions to international bank M&A. We investigate combined stock return patterns … of targets, bidders, and their peers upon takeover announcement, and closing or withdrawal. We distinguish five common M … investors believe in gains through the exploitation of market power by the post-merger entity. In a multinomial logistic model …
Persistent link: https://www.econbiz.de/10003893085
The impact of cross-border bank M&As on bank risk remains an open question. Though geographically diversifying bank M …&As have the potential to reduce the risk of bank insolvency, they also have the potential to increase that risk due to the … increase in risk-taking incentives for bank managers and stockholders following these transactions. This paper empirically …
Persistent link: https://www.econbiz.de/10013146977
Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks – that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale...
Persistent link: https://www.econbiz.de/10011416928
The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue … deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a … around the merger announcement through abnormal returns to UBS stockholders (7.95%) and CS bondholders (34.74%), equivalent …
Persistent link: https://www.econbiz.de/10014349670
We study how differences in bank regulation influence cross-border bank acquisition flows and the share price reactions … positive and larger when acquirers come from more restrictive bank regulatory environments. We interpret this evidence as more …
Persistent link: https://www.econbiz.de/10013070171
-announcement stock returns, and post-merger performance? We compile information on U.S. bank acquisitions from 1984 through 2016 …
Persistent link: https://www.econbiz.de/10012865259
We examine the spillover and direct effects of cross-border bank M&As on the systemic risk of banks in the target …’s country. We document that higher cross-border bank M&A activity is associated with higher systemic risk for peer banks, while … target banks exhibit a decrease in systemic risk post-merger. The effect is stronger for deals involving large acquirers from …
Persistent link: https://www.econbiz.de/10013222025
that bank size, capitalization, and credit risk of Islamic banks are significantly influence Overall Technical Efficiency … (OTE). Meanwhile Pure Technical Efficiency (PTE) is influenced by profitability, bank size, and capitalization. In addition …, Scale Efficiency (SE) is influenced by bank size and credit risk. On the other hand, conventional banks' Overall Technical …
Persistent link: https://www.econbiz.de/10013019662