DeLong, Gayle L. (contributor); DeYoung, Robert (contributor) - 2004
acquisitions, as these parties "learn-by-observing" information that spills-over from previous bank M&As. We find evidence … relatively new phenomenon in the late-1980s, with no best practices to inform bank managers and little information upon which … evidence that bank mergers create value. Furthermore, our finding that investors become more accurate pricers of new phenomena …
