We contribute to the current regulatory debate by examining the wealth and risk effects of the Dodd-Frank Act on U.S. financial institutions. We measure the effects of key legislative events of the Act by means of a multivariate regression model using the seemingly unrelated regression (SUR)...

We evaluate changes in system-wide information transmission following US and European bank M&A. We generalize Granger causality network measures to consider spillover channels in the mean, volatility, and tail risk, each capturing a unique form of systemic risk transmission between acquirers and...

We investigate the risk effects of bank acquisitions of insurance companies and securities firms between 1991 and 2012 using a newly constructed dataset of M&A deals. We examine risk changes before and after deal announcements by decomposing risk into systematic and idiosyncratic components....