. Using supervisory trade-level data, we show that banks with closer ties to a target advisor in a takeover buy more stocks of … leaking information about takeover bids to connected banks, as it drives up the premium paid without compromising the …

businesses compared to prior to the merger or compared to the contemporaneous lending by non-merging banks. We investigate the … merger related effects on small business lending in Germany from a bank-level perspective. Furthermore, we estimate small …

complexity upon a merger, rather than a post-merger cost-cut, is likely to cause a negative and significant impact on soft … information acquisition by small banks. These findings are consistent with the organizational theory that predicts a comparative …

results indicate that, relative to counties where the acquirer had operations before the merger, local SBL declined … significantly more in counties where only the target had operations before the merger. This result holds even after controlling for … funding to local small businesses. The absence of local community banks that became a target of a merger or acquisition by …

that the industry-adjusted operating performance of merged banks increases significantly after a merger. This finding is … significantly after a merger. Revenue enhancement opportunity appears to be more profitable if there exists more opportunity for …

facilitate merger and acquisition (M&A) deals. We find that firms are significantly more likely to become targets if they borrow …

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 …

. Using supervisory trade-level data, we show that banks with closer ties to a target advisor in a takeover buy more stocks of … leaking information about takeover bids to connected banks, as it drives up the final offer price without compromising the …