This paper presents a model of the disciplinary takeover to investigate the effectiveness of the market for corporate control for large banks. Based on the model, this paper examines the operating performance as well as the stock market performance of large US banks involved in the acquisitions...

Purpose - Because systemically important banks' takeovers in the US were expected to contain the 2008 global financial crisis (GFC) but were found to have imposed large cost on shareholders, this paper examines the effectiveness of these acquisitions during the GFC and investigates what went...

This study examines the impact of negative interest rate (NIR) regimes on corporate tax behavior. We argue that NIRs act as a de-facto tax levied by central banks and investigate how this ‘tax’ affects banks’ corporate tax planning. Using a sample of domestic banks in OECD countries and a...

Foreword -- Chapter I: Evolutionary Trajectory of China’s Financial Sector over Seven Decades.-Chapter II: Evolutionary Trajectory of Financial Institutions in China -- Chapter III: Structure and Evolution of China’s Financial Market System -- Chapter IV The Evolutionary Trajectory of the...