Cross-Border Bank Mergers: Who Gains and Why?

Language: English

Published by Peter Lang Ltd. International Academic Publishers Aug 2008, 2008

3631579233 / 9783631579237

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This item is printed on demand - it takes 3-4 days longer - Neuware -This study examines the short-term and long-term wealth effects of 96 cross-border bank mergers between 1985 and 2005. In the short-term, even after a thorough accounting for information leakage, transactions are found to be wealth-creating, albeit only on a net basis with target gains more than compensating for bidder losses. Contrary to earlier evidence, no abnormal long-term returns are detected, which supports the validity of the inferences drawn from the short-term. Furthermore, a thorough analysis of factors that can explain wealth creation ex-ante suggests that bidder and net wealth creation is higher if bidders take over targets that are already relatively cost efficient ex-ante and do not acquire in 'hot' deal markets. 266 pp. Englisch.

Seller Inventory # 9783631579237

Title
Cross-Border Bank Mergers: Who Gains and Why?
Author
Dirk Schmautzer
Publisher
Peter Lang Ltd. International Academic Publishers Aug 2008
Publication year
2008
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3631579233
ISBN 13
9783631579237
Item weight
360 grams
Dimensions
210x148x32 mm

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Germany

5-star seller

AbeBooks seller since January 11, 2012

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