German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous … CE levels above the average of non-merging banks. Second, banks must exhibit CE changes between merger and evaluation … year above efficiency changes of non-merging banks. We employ this taxonomy to characterise (successful) mergers in terms …

During normal times, strengthening the financial stability of banks is associated with contradictory effects on returns …. In this paper, we establish that liquidity and capital ratios had a positive impact on bank returns during the first … identify deposit franchise and risk management as two key channels through which stronger financial stability improved bank …

(after bank deregulation had expanded banks' risk-taking opportunities) and acquisitions completed by the largest banks in … risk-inducing mergers. Our findings are driven by two types of acquisitions: acquisitions completed during the last decade …We analyze how the structure of executive compensation affects the risk choices made by bank CEOs. For a sample of …

cost inefficiency. For takeovers by banks, a significant negative relationship between cost inefficiency and takeover is … takeover of U.S. thrifts during a period of market liberalization and widespread takeover activity, 1994 to 2000. In the first …

I study the relative importance of lending and deposit-taking for bank value. Comparing outcomes for winning banks to … runner-up bidders in failed bank auctions, I find winners experience a 1.5% abnormal return and this increase is mainly due … to deposits, not loans. After acquisition, the winning bank cuts lending to the failed bank's borrowers and closes …

mergers and acquisitions in the sector, necessitating the maintenance of this dividend trend by banks to retain current …; customer tastes, habits and demand; and input supply changes. Changes in these require adjustments in the bank’s operations … in 2005 made shareholders better-off. This implies the post merger and acquisition desire of bank managements to reward …

large banks) have been receiving, there is no consistent picture of the impact of mergers on the stability of the financial … system. In this paper, we aim to provide a universal framework to study the generic effect of mergers and acquisitions on the … diversification of single banks and support their resilience to shocks, and may slow down contagious default. However, merger …

Assessing the impacts of bank mergers on small firms requires separating borrowers with single versus multiple banking …-relationship borrowers who "switch" to another bank following a merger will be less harmed than those whose relationship is "dropped" and not … to be dropped. We track post-merger performance and show that many dropped target-bank borrowers are harmed by the merger …