This paper investigates whether developing and emerging market countries can implement monetary policies similar to those used by advanced countries during the recent global crisis - injecting significant amounts of money into the financial system without facing major short-run adverse...

Purpose – The purpose of this paper is to test whether bank mergers are driven by equity overvaluation and management compensation incentives. Design/methodology/approach – To test whether equity mispricing drive bank mergers, the authors employ two alternative price-to-residual income...

Purpose – Consolidation through mergers and acquisitions indicates one of the major outcomes of the financial transformation process and contemporary trend in the Indian banking sector. Literature suggests that the pre-merger financials of banks are crucial in deciding the post-merger...

Purpose – The purpose of this paper is to analyze the short‐ and long‐term wealth effects of domestic and cross‐border acquisition announcements of banks in Latin American. Design/methodology/approach – This study uses the event study methodology to investigate the short‐term wealth...