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As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions...
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These are teaching notes prepared for introducing concepts related to merger, acquisition and corporate restructuring …
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Merger and Acquisition (M&A) activities are not well-anticipated corporate events in the equity market. Do … be merger arbitragers and buy more shares of target firm stocks to speculate on final deal consummation; while banks …
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The intense concentration process taking place in the financial system across the world has attracted substantial … the difficulty of governing a post-merger integration process. Post merger integration generally requires good governance … clashes could determine conflicts and negative effects on the timing and the effectiveness of the post-merger integration …
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with similar Generally Accepted Accounting Principles (GAAP). Moreover, we find that the takeover premium is higher if …
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business cycles. (2) Most mergers occur when both the acquirer and the target economies are booming. (3) Merger booms have both …
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The impact of cross-border bank M&As on bank risk remains an open question. Though geographically diversifying bank M&As have the potential to reduce the risk of bank insolvency, they also have the potential to increase that risk due to the increase in risk-taking incentives for bank managers...
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