Globalization and liberalization have led firms from emerging markets like India to become more aggressive and opt for mergers and acquisitions (M&A) to fight the competitive battle. The present study attempts to evaluate the impact of mergers and acquisitions on the returns in the short run...

The dynamics of reforms in the financial system changes corporate governance practices. When forming a national type of corporate governance, a significant role is played by the external environment in the face of the state and the inflow of foreign capital. The similarity between national and...

The dynamics of corporate governance in the financial system reflects the economic development of Bulgaria. The creation and implementation of corporate governance practices in Bulgaria are borrowed from the experience of other countries. With the development of the national economy, corporate...

We study a sample of the world's largest financial conglomerates from 15 countries and we track their largest divestitures over the period 2005-2016. We develop a novel market-based metric to analyse the impact of divestitures on financial conglomerate excess value, and our findings point to...

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&A hypotheses and relate characteristic and mutually...

Over the past decade, one popular way for Turkish banks to remove nonperforming loans (NPLs) from their balance sheets has been to sell them to asset management companies. We examine the short-term market reaction to the announcements of such NPL sales over the period 2009-2019. We also consider...

Using the parametric and non-parametric tests, this study aims to understand the wealth effects of shareholders of bidder, target and combined firms on the announcement of takeovers. The sample for the study consists of targets from financial sector which are listed in Bombay Stock Exchange...

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&A hypotheses and relate characteristic and mutually...

Employees in financial firms are compensated for creating value for the firm, but firms themselves also serve a public interest. This tension can lead to issues that could impose a significant risk to the firm and the public. The authors describe three channels through which deferred cash...