We use data from the past 30 years of takeover activity in the U.S. banking industry to test competing neoclassical and … misvaluation merger theories. Test results are consistent with evidence in the literature that merger activity is significantly … misvaluation reflect a rise in industry-wide risk taking and that increases in risk originate from changes in industry structure …

at the expense of taxpayers: the merger-bailout has increased Switzerland’s sovereign credit risk, resulting in an …The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue … deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a …

categorize the sample M&A deals as (1) Acquisition of Pakistani banks by the foreign investors, (2) Merger of Pakistani banks … with the other domestic banks and (3) Merger of Pakistani banks with the foreign banks operating in Pakistan. The results … indicate statistically significant investor reactions around the merger announcements. For individual target and bidder banks …

banking corporate governance: risk management, ownership structure and executive compensation of banks. Best practices for … increasing performance and reducing risk in banks are commented, when identified. Gaps in the literature and lack of univocal …

.Design/methodology/approach: This research examines the impact and association between merger announcements and regulatory reforms at bank and system … of financial institutions’ systematic risk. We then develop an index of the estimated equity value loss as the long …-rum marginal expected shortfall (LRMES). LRMES contributes to compute systemic risk (SRISK) contribution of these firms, which is …

This paper explores the link between systemic risk and firm value gain in the context of bank acquisitions. We find … that bank acquisitions on average lead to an increase in acquires' systemic risk (a public cost), which is in turn …

risk aversion, and private benefit of control on post-merger financial performance in the context of emerging markets of … years of pre- and post-merger data is available. A total of 184 M&A deals were analyzed from SAARC and ASEAN regions …