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Information Technology and Integration Effects on Merger Value in the U.S. Commercial Banking Industry

Tafti, Ali R. - 2014

We study the effect of information technology (IT) investment and merger integration on the value derived from 118 mergers in the U.S. banking industry. We quantify integration depth based on expenditures in merger-related integration, and examine how pre-merger IT intensity of the acquiring...

Persistent link: https://www.econbiz.de/10013064622

Efficiency, Value Addition and Performance of US Bank Mergers

Khan, Abu - 2017

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 …

Persistent link: https://www.econbiz.de/10012964750

On the Wealth Effects of Merging Banks’ Rivals Empirical Evidence for US Bank Mergers

Weiss, Gregor N. F. - 2010

Abstract: Using a unique sample of 425 bank mergers in the US announced between 2000 and 2008 this paper provides clear … evidence supporting the collusion and productive efficiency hypotheses. By analyzing 425 bank mergers and a total of 1112 …

Persistent link: https://www.econbiz.de/10013151114

Punished Banks’ Acquisitions : Evidence from the U.S. Banking Industry

Papadimitri, Panagiota - 2019

We study whether formal enforcement actions, imposed on U.S. banks during 2000-2014 for serious financial safety and internal control problems, affect the probability that punished banks become targets of mergers and acquisitions (M&As). We find an increase in the probability of punished banks'...

Persistent link: https://www.econbiz.de/10012900073

Managerial Cost Inefficiency and Takeovers of U.S. Thrifts

Cebenoyan, Fatma - 2016

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 …

Persistent link: https://www.econbiz.de/10013004388

Acquisitions as Exaptation : The Legacy of Founding Institutions in the US Commercial Banking Industry

Marquis, Christopher - 2016

This study focuses on how founding institutions impact intraorganizational capabilities and how such imprints may have different external manifestations in subsequent historical eras. We introduce the concept of exaptation to organizational theory, identifying an important process whereby the...

Persistent link: https://www.econbiz.de/10013004648

Large US Bank Takeovers in 2008 : Performance and Implications

Song, Guoxiang - 2020

This paper presents a model of the disciplinary takeover to investigate the effectiveness of the market for corporate … takeover market for large banks was ineffective in two aspects: the market did not distinguish strong banks from weak banks … weaknesses of the takeover market for large banks: stock prices are not a reliable guide for valuation because of information …

Persistent link: https://www.econbiz.de/10012853015