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Abnormal Returns of Japanese Acquisition Bidders - Impact of Pro-M&A Legislation in the 1990s

Higgins, Huong N. - 2009

This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by Japanese bidders during the 1990s. Domestic versus global bids and pro-M&A legislation are considered as determinants of bidders' abnormal returns. The results show that bidders for domestic targets...

Persistent link: https://www.econbiz.de/10013156625

The Impact of Merger Legislation on Bank Mergers

Carletti, Elena - 2019

We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by …

Persistent link: https://www.econbiz.de/10012903236

The impacts of stricter merger legislation on bank mergers and acquisitions : Too-big-to-fail and competition

Carletti, Elena; Ongena, Steven; Siedlarek, Jan-Peter; … - In: Journal of financial intermediation 46 (2021), pp. 1-13

Persistent link: https://www.econbiz.de/10012818029

The Economic Impact of Merger Control : What is Special about Banking?

Carletti, Elena; Hartmann, Philipp; Ongena, Steven - 2021

-oriented regime for merger control increases banks' stock prices, whereas it decreases those of non-financial firms. Moreover, bank … merger targets become more profitable and larger. A major determinant of the positive bank returns, after controlling inter … alia for the general quality of institutions and individual bank characteristics, is the opaqueness that characterizes the …

Persistent link: https://www.econbiz.de/10013316912

The economic impact of merger control legislation

Carletti, Elena; Hartmann, Philipp; Ongena, Steven - In: International review of law and economics 42 (2015), pp. 88-104

Persistent link: https://www.econbiz.de/10011574641

The impact of merger legislation on bank mergers

Carletti, Elena; Ongena, Steven; Siedlarek, Jan-Peter; … - 2015

We study the impact on bank merger activity of the strengthening in merger control legislation introduced in Europe … between 1989 and 2004. We find that strengthening merger control increases the abnormal returns on bank target stocks in the …

Persistent link: https://www.econbiz.de/10011576781

Merger of public sector banks in India under the rule of reason

Ladha, Rani S. - In: Journal of emerging market finance 16 (2017) 3, pp. 259-273

Persistent link: https://www.econbiz.de/10011925368

FinTech Mergers

Wang, Joanna (Xiaoyu); Zhang, Alan L. - 2022

FinTech companies and FinTech mergers are increasingly prevalent over the past decades. This paper explores the motives and consequences of FinTech mergers. FinTech firms have a greater likelihood of becoming targets in mergers and acquisitions (M&As). FinTech mergers increase the valuation of...

Persistent link: https://www.econbiz.de/10013301485

Regulatory Arbitrage in Cross-Border Banking Mergers within the EU

Carbo-Valverde, Santiago - 2010

Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit-making activities changes the geographic pattern of its exposure to loss in ways that are hard for regulators and supervisors to observe. This paper tests and confirms the...

Persistent link: https://www.econbiz.de/10013142720

Mergers, managerial incentives, and efficiencies

Jovanovic, Dragan - 2014 - [rev.]

We analyze the effects of synergies from horizontal mergers in a Cournot oligopoly where principals provide their agents with incentives to cut marginal costs prior to choosing output. We stress that synergies come at a cost which possibly leads to a countervailing incentive effect: The merged...

Persistent link: https://www.econbiz.de/10010360044