they have a close relationship and that banks' cumulative shareholding by the pre-merger banks is non-linearly related to … find that the cumulative equity stake held by pre-merger banks is non-linearly related to firms' subsequent performance …, and the kink point is 5%. Using the bank merger events and the 5% rule as the exogenous shock for blockholders, our …

banks have a substantial and persistent negative impact on merging banks' revenues. We refer to merger related negative … customers and the temporary distraction of management from day-to-day operations by effecting the merger. For our analyses we … involved in 212 mergers between 1994 and 2006. We find that the negative impact of a merger on net operating revenues amounts …

refer to hollowing-out as the situation where the target firm is shut down following a merger with a domestic or foreign … when a cross-border merger with hollowing out is not profitable but it is socially desirable. -- Economic models …

under- or overreacts to merger news when initially revaluing merger partners but corrects any miscalculation following the … consummation of the merger. -- Mergers ; Corporate governance ; Operating performance …

that the enterprise value of the acquirer increased between pre and post-merger period. …

success of a merger, it is to be ascertained if there is financial gain from mergers. The present study is limited to a sample … of companies listed in BSE which underwent merger during the period of 2002-2005. It is proposed to compare the … performance after the merger event …