Why do some banks fail in financial crises while others survive? This article answers this question by analysing the … effect of the Dutch financial crisis of the 1920s on 142 banks, of which 33 failed. We find that choices of balance sheet … composition and product market strategy made in the lead-up to the crisis had a significant impact on banks’ subsequent chances of …

that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert …It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue … merger announcement date. Further, we find that the stock reaction of rivals to merger events is not sensitive to merger …

to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive …

returns. Our results cast doubt on the usefulness of announcement returns as a measure of the value created in acquisitions …

to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive …

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 …

This paper studies the bilateral drivers of mergers and acquisitions (M&As) between European banks. Two findings … document that banks use M&A as a device to leverage their expertise rather than to diversify. (i) Following the literature on … matrimonial matching by using a binary logit model, the paper examines how the structure of acquiring banks in terms of …

large banks) have been receiving, there is no consistent picture of the impact of mergers on the stability of the financial … system. In this paper, we aim to provide a universal framework to study the generic effect of mergers and acquisitions on the … diversification of single banks and support their resilience to shocks, and may slow down contagious default. However, merger …

-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 …

(SBL) in the context of mergers and acquisitions. From all mergers that involved community banks, we examine the varying … funding to local small businesses. The absence of local community banks that became a target of a merger or acquisition by … impact on SBL depending on the local presence of the acquirers’ and the targets’ operations prior to acquisitions. Our …