In this study, we examine whether superior accounting performance as reported in the annual ABA Banking Journal Top Performing Banks survey translates into higher investor returns. We observe that the announcement effect is more pronounced during the early years of the survey. For the entire...

We consider recent criticism by Berger et al. (J Bank Finance 31:11–33, <CitationRef CitationID="CR8">2007</CitationRef>) of the use of commercial bank lending propensities (e.g., small business loans/total assets) as research tools. We use 2SLS cross sectional regressions with bank fixed effects to examine the relationship between...</citationref>

Researchers have shown that capital constrained firms make better acquisition decisions. However, the literature on bank mergers and acquisitions is silent on this issue. We investigate whether banks constrained by capital requirements make better acquisition decisions than non-constrained...