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Vives, Xavier - 2010

I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...

Persistent link: https://www.econbiz.de/10010270643

Accounting for distress in bank mergers

Koetter, Michael; Bos, Jaap W. B.; Heid, Frank; Kool, … - 2005

employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the … regulatory intervention history to distinguish between distressed and non-distressed mergers. We find that, among merging banks …-distressed mergers have worse CAMEL profiles than our control group. In fact, non-distressed mergers may be motivated by the desire to …

Persistent link: https://www.econbiz.de/10010295902

The role of bank advisors in mergers and acquisitions

Allen, Linda; Jagtiani, Julapa; Peristiani, Stavros; … - 2002

) as advisors in mergers. However, this choice weakens any certification effect and creates a potential conflict of …

Persistent link: https://www.econbiz.de/10010283491

With whom to merge? A tale of the Spanish banking deregulation process

Lozano-Vivas, Ana; Meléndez-Jiménez, Miguel A.; … - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 2, pp. 159-184

deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks … will be mergers between savings and commercial banks. …

Persistent link: https://www.econbiz.de/10010317061

The Political Economy of Dominant Investors

Perotti, Enrico C.; von Thadden, Ernst-Ludwig - 2004

We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...

Persistent link: https://www.econbiz.de/10010325240

Will the Adoption of Basel II Encourage Increased Bank Merger Activity? Evidence from the United States

Hannan, Timothy H.; Pilloff, Steven J. - 2005

This study presents two tests of the hypothesis that adoption of an internal ratings-based approach to determining minimum capital requirements, proposed as part of the Basel II capital accord, would cause adopting banking organizations to increase their acquisition activity. The study employs...

Persistent link: https://www.econbiz.de/10011689918