Karceski, Jason; Ongena, Steven; Smith, David C. - Federal Reserve Board (Board of Governors of the … - 2000
We estimate the impact of bank merger announcements on borrowers' stock prices for publicly traded Norwegian firms. In … addition, we analyze how bank mergers influence borrower relationship termination behavior and relate the propensity to … value when their bank is announced as a merger target. Small borrowers of target banks are especially hurt in mergers …