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How does bank integration affect the market for corporate control for nonfinancial firms? We provide causal evidence … that interstate bank deregulation affects acquisitions mainly through reducing the information asymmetry between acquirers … significantly increases, and more so if the target borrows from an out-of-state bank, the target's bank is acquired by an out …
Persistent link: https://www.econbiz.de/10012900778
We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …
Persistent link: https://www.econbiz.de/10012903236
and t-test, the post-merger performance of seven banks listed on the Nigerian Stock Exchange (NSE) that completed an M …
Persistent link: https://www.econbiz.de/10012824019
facilitate merger and acquisition (M&A) deals. We find that firms are significantly more likely to become targets if they borrow …
Persistent link: https://www.econbiz.de/10012975584
When investment banks advise on merger and acquisition (M&A) transactions, are they fiduciaries of their clients … bank behavior. This Article counters that view, arguing that investment banks are rightly characterized as fiduciaries of …
Persistent link: https://www.econbiz.de/10013003502
We use data from the past 30 years of takeover activity in the U.S. banking industry to test competing neoclassical and … misvaluation merger theories. Test results are consistent with evidence in the literature that merger activity is significantly … due to deregulation. A measure of bank risk taking subsumes the power of stock price misvaluation to explain subsequent …
Persistent link: https://www.econbiz.de/10013007736
problems involved. In this study, we analyze the effect of German bank mergers in the period 1995-2000 on banks' profitability …
Persistent link: https://www.econbiz.de/10012989277
German banks experienced a merger wave throughout the 1990s. However …
Persistent link: https://www.econbiz.de/10012989318
The inability of most bank merger studies to control for hidden bailouts may …
Persistent link: https://www.econbiz.de/10012989321
which lead to a successful merger or takeover.For this research a case study is developed based on UK's top five banks … Chartered Plc, Barclays Plc, Lloyds Banking Group Plc and Royal Bank of Scotland (RBS) Group Plc.There are primarily two types …
Persistent link: https://www.econbiz.de/10012990842