This paper examines the efficiency and price effects of mergers by applying a frontier profit function to data on bank … ``megamergers.'' We find that merged banks experience a statistically significant 16 percentage point average increase in profit-efficiency … merging, who therefore had the greatest capacity for improvement. By comparison, the effects on profits from merger …

We examine the effects of geographic deregulation on banks' cost of equity (COE) using changes in interstate bank … branching laws over the post–Riegle-Neal period (1994:Q4–2016:Q4). We find strong evidence that deregulation increases banks …

deregulation, often documenting favorable economic effects. We connect deregulation shocks for the first time to individual firm … results suggest that deregulation increases firm growth overall and this growth is fueled by all three external funding …

Despite ample research demonstrating many consequences of bank geographic deregulation, the bank capital determinants … literature has not directly tested the effects of this deregulation. This paper fills this important research gap. We find strong … evidence that geographic deregulation significantly increases both bank target capital ratios and speeds of adjustment to these …