We introduce the idea of Executive Compensation Faultline (ECF) strength as a means to capture the alignment of the whole top management team’s incentives across multiple compensation characteristics. We build on previous literature on demographic faultlines, which suggests that strong...

We analyze the takeover premiums paid for a sample of European bank mergers between 1997 and 2007. We find that acquiring banks value profitable, high-growth, and low-risk targets. We also find that the strength of bank regulation and supervision and of deposit insurance regimes in Europe has...

This paper studies the impact of European bank mergers and acquisitions on changes in key safety and soundness measures of both acquirers and targets. We find that capitalization, profitability, and liquidity show signs of statistically and economically significant mean reversion for acquirers....

Artículo de revista ; Our article presents the short term changes in bank risk profiles before and after domestic banks M&As that took place before the present crisis (1986-2007) based on different exante and ex-post measures of risk. Our results control for potential selection bias and show...