The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we … employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the … regulatory intervention history to distinguish between distressed and non-distressed mergers. We find that, among merging banks …

likelihood of strategic default by the target bank’s borrowers. In contrast, mergers with a limited impact on the lending … relationship have no effect on the probability of strategic default of target bank’s borrowers. The results highlight the …Using a sample of bank loans to firms operating in the tourism industry for the period 2010-2015, and regional …

This paper is the first to examine the determinants of acquisitions for the U.S. thrift industry during a period of … market liberalization and widespread takeover activity, 1994 to 2000.(...) …

lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel … estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …

markets. As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are …

banks, the distribution of lending shares, and the severity of the distress shock. …