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,300 mergers that took place between 1978 and 2001 to analyse the determinants of international bank mergers. We test the extent to … which information costs and regulations hold back merger activity. Our results suggest that banks operating in more … regulated environments are less likely to be the targets of international bank mergers. Hence, the lifting of regulations can …
Persistent link: https://www.econbiz.de/10011476366
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available to banks in individual EU countries help to account for cross-border merger activity. The paper explains how this …
Persistent link: https://www.econbiz.de/10013142720
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
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
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
Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the international and global activities of banks across countries. This paper develops and tests a theoretical model that explains this variation from an international trade theory...
Persistent link: https://www.econbiz.de/10009740267
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