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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
banking sector. The present work investigates the fairness of valuation in bank merger deals occurred in the post …-liberalization India. In contrast to the firm valuation which gives an absolute value, merger valuation is a relative valuation which is … it will have a major impact on the future prospects of the acquiring bank. To check the authenticity or fairness of …
Persistent link: https://www.econbiz.de/10013055310
We investigate the consequences of mergers and acquisitions (M&As) for information asymmetry in the banking sector. We test competing hypotheses about the effect of M&As on the information environment. M&As either increase information asymmetry (the opacity hypothesis) or diminishes it (the...
Persistent link: https://www.econbiz.de/10012933048
effect of bank merger events on local bank wage. The positive effectincreases for in-market or high synergy mergers, and …. The result is robust to controlling for the endogeneity of the bank merger events and the effect of local economic …The paper investigates the impact of merger and acquisition (M&A) on local labor market. We find a positive spillover …
Persistent link: https://www.econbiz.de/10013212335
We provide the first comprehensive examination of the impact of the advisory services provided by boutique banks on acquirer returns in U.S. Mergers and Acquisitions (M&As). We show that the autonomy and expertise of boutique banks help acquirers realize significant gains in informationally...
Persistent link: https://www.econbiz.de/10013244213
Largely constant average acquirer returns over the past four decades mask fundamental changes in the takeover market … consistent with rising merger synergies that have become less bidder-specific …
Persistent link: https://www.econbiz.de/10012104582
objective of this paper is to analyze financial performance of ICICI bank pre and post-merger. Financial performance has been … significant benefit has been achieved by ICICI Bank after the merger. Analysis also shows that there is significant improvement in …. One major aspect of such strategies is Merger and Acquisition, commonly known as M&A, widely used by the organizations …
Persistent link: https://www.econbiz.de/10012915729
We study fintech mergers and acquisitions (M&As) by U.S. public acquirers, including banks, nonbank financial institutions, and tech companies. In an event study, the short-term market reaction to fintech M&As is negative for acquiring banks and insignificant for other types of acquirers....
Persistent link: https://www.econbiz.de/10014235925
How does the difference in financing influence the M&As’ effects on businesses in the banking industry? Case study method is applied to evaluate two deals, which are BB&T & SunTrust and KeyCorp & First Niagara Financial Group (one all-equity financed and one cash & equity financed). It is...
Persistent link: https://www.econbiz.de/10014254530
reactions to the industry peers in the short term and FinTech merger waves in the long term …
Persistent link: https://www.econbiz.de/10013301485