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policies of UT Bank and other banks that were caught within similar difficulties in the industry must be immediately improved …A robust bank-based financial industry is a major player in the stability of an economy. This is demonstrated by the … importance most countries place on macroeconomic decisions involving the banking sector. In 2017, the Ghana bank industry …
Persistent link: https://www.econbiz.de/10013248379
This paper analyzes the characteristics that make a bank more likely to engage in merger activity either as an acquirer … or a target using a sample between the years 1995 and 2019. We first examine the bank merger characteristics during the … different characteristics make a bank more likely to be involved in a merger before, during, and after the 2008 financial crisis …
Persistent link: https://www.econbiz.de/10013291936
We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging … banks and the stock market response of rivals appear unaffected. The evidence suggests that the strengthening of merger …
Persistent link: https://www.econbiz.de/10011518760
This paper studies the bilateral drivers of mergers and acquisitions (M&As) between European banks. Two findings … document that banks use M&A as a device to leverage their expertise rather than to diversify. (i) Following the literature on … matrimonial matching by using a binary logit model, the paper examines how the structure of acquiring banks in terms of …
Persistent link: https://www.econbiz.de/10013265942
1984 and 2015 on acquiring insurers' default risk. By employing Merton's distance to default, we show that mergers increase … risk on average. This effect is particularly pronounced for pre-merger low-risk insurers and reinsurers. As Solvency II … generally aims to enhance the soundness of the insurance sector and its firms, policymakers should be aware of this merger …
Persistent link: https://www.econbiz.de/10012890549
The study examines the impact of mergers on the accounting performance of merger-involved firms in Greece. The study … merger events (with data analysis from 2004 to 2015). The results revealed that mergers have had a negative impact on … impact of the economic crisis on the success of mergers in Greece. There is evidence there is also a negative effect on …
Persistent link: https://www.econbiz.de/10011821336
This paper follows the great depression methodology of Kehoe and Prescott (2002, 2007) to study the importance of total factor productivity (TFP) in the Greek economic crisis over the period 2008-2017. Using growth accounting and the neo- classical growth model, the paper shows that exogenous...
Persistent link: https://www.econbiz.de/10014081914
Persistent link: https://www.econbiz.de/10011419965
Persistent link: https://www.econbiz.de/10011382493
Persistent link: https://www.econbiz.de/10009779783