Is the Bank Merger Wave of the 1990s Efficient?

Download Is the Bank Merger Wave of the 1990s Efficient? PDF Online Free

Author :
Publisher : A E I Press
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.3/5 (91 download)

DOWNLOAD NOW!


Book Synopsis Is the Bank Merger Wave of the 1990s Efficient? by : Charles W. Calomiris

Download or read book Is the Bank Merger Wave of the 1990s Efficient? written by Charles W. Calomiris and published by A E I Press. This book was released on 1998 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic commerce. In a new era of deregulation, the US banking system is undergoing dramatic consolidation. The authors use detailed case studies to determine the motivation for bank mergers, assess the advertised gains in efficiency and services, and resolve inconsistencies between econometric studies and comparisons of performance in different US states and different countries. As merger activity intensifies, the volume explains both the acceleration of merger activity and the rationales for recent megamergers. The authors also explore the link between consolidation and global competitiveness and dissect client-based universal banking.

Bank Mergers & Acquisitions

Download Bank Mergers & Acquisitions PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1475727992
Total Pages : 249 pages
Book Rating : 4.4/5 (757 download)

DOWNLOAD NOW!


Book Synopsis Bank Mergers & Acquisitions by : Yakov Amihud

Download or read book Bank Mergers & Acquisitions written by Yakov Amihud and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors. Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.

The Bank Merger Wave: The Economic Causes and Social Consequences of Financial Consolidation

Download The Bank Merger Wave: The Economic Causes and Social Consequences of Financial Consolidation PDF Online Free

Author :
Publisher : Routledge
ISBN 13 : 1315292432
Total Pages : 356 pages
Book Rating : 4.3/5 (152 download)

DOWNLOAD NOW!


Book Synopsis The Bank Merger Wave: The Economic Causes and Social Consequences of Financial Consolidation by : Gary Dymski

Download or read book The Bank Merger Wave: The Economic Causes and Social Consequences of Financial Consolidation written by Gary Dymski and published by Routledge. This book was released on 2016-09-16 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This far-reaching study shows that operating efficiencies are not what are driving today's unrelenting bank merger mania. It suggests that bank mergers and consolidation may have effects that are contrary to consumer and non-financial business interests, such as lower rates of interest, increasing fees, and tighter credit constraints. Dymski recommends several new policies to apply to the evaluation of prospective mergers.

Mergers and Productivity

Download Mergers and Productivity PDF Online Free

Author :
Publisher : University of Chicago Press
ISBN 13 : 0226424332
Total Pages : 350 pages
Book Rating : 4.2/5 (264 download)

DOWNLOAD NOW!


Book Synopsis Mergers and Productivity by : Steven N. Kaplan

Download or read book Mergers and Productivity written by Steven N. Kaplan and published by University of Chicago Press. This book was released on 2007-12-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mergers and Productivity offers probing analyses of high-profile mergers in a variety of industries. Focusing on specific acquisitions, it illustrates the remarkable range of contingencies involved in any merger attempt. The authors clearly establish each merger's presumed objectives and the potential costs and benefits of the acquisition, and place it within the context of the broader industry. Striking conclusions that emerge from these case studies are that merger and acquisition activities were associated with technological or regulatory shocks, and that a merger's success or failure was dependent upon the acquirer's thorough understanding of the target, its corporate culture, and its workforce and wage structures prior to acquisition. Sifting through a wealth of carefully gathered evidence, these papers capture the richness, the complexity, and the economic intangibles inherent in contemporary merger activity in a way that large-scale studies of mergers cannot.

The Bank Merger Wave of the 90s

Download The Bank Merger Wave of the 90s PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 119 pages
Book Rating : 4.:/5 (246 download)

DOWNLOAD NOW!


Book Synopsis The Bank Merger Wave of the 90s by : Charles W. Calomiris

Download or read book The Bank Merger Wave of the 90s written by Charles W. Calomiris and published by . This book was released on 1995 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bank Mergers

Download Bank Mergers PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.3/5 ( download)

DOWNLOAD NOW!


Book Synopsis Bank Mergers by : Jayshree Bose

Download or read book Bank Mergers written by Jayshree Bose and published by . This book was released on 2006 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book attempts to exercise a rare restraint in two very crucial and controversial areas of global bank mergers by blindly extolling the virtues of mega bank mergers and the ceaseless flow of economies of scale it supposedly brings; and to resist the t

Evaluating the German Bank Merger Wave

Download Evaluating the German Bank Merger Wave PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!


Book Synopsis Evaluating the German Bank Merger Wave by : Michael Koetter

Download or read book Evaluating the German Bank Merger Wave written by Michael Koetter and published by . This book was released on 2016 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: German banks experienced a merger wave throughout the 1990s. However.

Bank Mergers and Acquisitions in the United States 1990 -1997

Download Bank Mergers and Acquisitions in the United States 1990 -1997 PDF Online Free

Author :
Publisher : Universal-Publishers
ISBN 13 : 1581122276
Total Pages : 256 pages
Book Rating : 4.5/5 (811 download)

DOWNLOAD NOW!


Book Synopsis Bank Mergers and Acquisitions in the United States 1990 -1997 by : Ashford Maharaj

Download or read book Bank Mergers and Acquisitions in the United States 1990 -1997 written by Ashford Maharaj and published by Universal-Publishers. This book was released on 2002-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study focused on factors that have positively influenced the model of economic success for commercial and thrift megabanks involved in merger and acquisition activities for the period 1990 - 1997, a period characterized by an unprecedented flurry of merger and acquisition activities among megabanks in the United States. This study identified and measured key independent variables for identifiable mergers and acquisitions among megabanks and tested the extent to which, such independent variables influenced abnormal returns for underlying equities traded in capital markets. This study also tested the hypothesis that megabanks are attracting significantly higher acquisition premiums than the relatively smaller banks. The data collected and the conclusions drawn were based on the logic of a hypothetico-deductive paradigm, which essentially utilized the techniques of the standard event study methodology, and included parameters of the conventional Capital Asset Pricing Model. This study was based on a scientifically determined sample of over 200 banks in the small bank category and between 68 and 86 banks grouped under the megabank category. The findings revealed that megebank acquirers realized negative abnormal returns and that megabank acquirees did not realize economic value significantly greater than acquirers for those banks that integrated on a merger-of-equals basis. The findings also showed that megabanks seemed more willing to pay higher premiums for the right to integrate with other megabanks vis-a-vis the right to integrate with small banks.

Mergers and Acquisitions (M&As) in the Banking Sector

Download Mergers and Acquisitions (M&As) in the Banking Sector PDF Online Free

Author :
Publisher : GRIN Verlag
ISBN 13 : 3640044193
Total Pages : 18 pages
Book Rating : 4.6/5 (4 download)

DOWNLOAD NOW!


Book Synopsis Mergers and Acquisitions (M&As) in the Banking Sector by : Matthias Schubert

Download or read book Mergers and Acquisitions (M&As) in the Banking Sector written by Matthias Schubert and published by GRIN Verlag. This book was released on 2002-04-22 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2002 in the subject Business economics - Investment and Finance, grade: 1,0 (A), Berlin School of Economics, course: International Corporate Finance, language: English, abstract: The last decade of the 20th century was a decade of enormous changes in the banking sector worldwide. If one compares the largest banks of the world in 1995 with those at the end of 2000 it is obvious to see that many changes have happened in recent years: In 1995 all top five banks were from Japan (total assets in million USD in brackets): Dai-Ichi Kangyo Bank (626,171), Sumitomo Bank (617,053), Sakura Bank (607,245), Sanwa Bank (600,111) and Fuji Bank (587,154. At the end of 2000 the top five banks ranked by total assets were: Sumitomo Mitsui Banking Corp., Japan (958,189), CitiGroup, USA (902,210), Deutsche Bank Group, Germany (882,577), HSBC Holdings, U.K. (673,814) and Bayerische HypoVereinsbank, Germany (672,720). These newly-formed banking groups arose from mergers and acquisitions (M&As) and therefore they are good examples for all the M&As that have taken place in the banking sector worldwide in recent years. In this scientific paper the M&A activity in the banking sector is being analysed on a global basis and, where appropriate, with a special focus on European activities. To do so, the following procedure has been chosen: After the presentation of typical patterns of consolidation the main causes of consolidation and risks arising from M&As will be examined. Afterwards the economical results of the M&A process will be analysed to give a conclusion and an estimation on future activities

Effects of US Bank Mergers on Bank Risk and Value

Download Effects of US Bank Mergers on Bank Risk and Value PDF Online Free

Author :
Publisher : GRIN Verlag
ISBN 13 : 3638668185
Total Pages : 76 pages
Book Rating : 4.6/5 (386 download)

DOWNLOAD NOW!


Book Synopsis Effects of US Bank Mergers on Bank Risk and Value by : Ingo Forbriger

Download or read book Effects of US Bank Mergers on Bank Risk and Value written by Ingo Forbriger and published by GRIN Verlag. This book was released on 2007-07 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Business economics - Investment and Finance, grade: 1,3, Humboldt-University of Berlin (Institut f r Bank- und B rsenwesen), course: Hauptseminar Finanzierung, 20 entries in the bibliography, language: English, abstract: This paper observes the impacts of domestic US commercial bank M&As in the 1990s on individual institutions. It shows potential changes in a bank's risk exposure and how these can affect a merged bank's value. It provides a theoretical consideration as well as a review of empirical studies. The result is that a merger might lead to a risk benefit. In this case, there is, c.p., potential for a value increase. Empirically, risk benefits were either absent or offset by managers' higher risk taking.

Bank Merger Wave

Download Bank Merger Wave PDF Online Free

Author :
Publisher :
ISBN 13 : 9780765643384
Total Pages : pages
Book Rating : 4.6/5 (433 download)

DOWNLOAD NOW!


Book Synopsis Bank Merger Wave by : Gary Dymski

Download or read book Bank Merger Wave written by Gary Dymski and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Banking Consolidation in the EU

Download Banking Consolidation in the EU PDF Online Free

Author :
Publisher : CEPS
ISBN 13 : 9789290794790
Total Pages : 108 pages
Book Rating : 4.7/5 (947 download)

DOWNLOAD NOW!


Book Synopsis Banking Consolidation in the EU by : Rym Ayadi

Download or read book Banking Consolidation in the EU written by Rym Ayadi and published by CEPS. This book was released on 2004 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bank Mergers and Banking Structure in the United States, 1980-98

Download Bank Mergers and Banking Structure in the United States, 1980-98 PDF Online Free

Author :
Publisher : DIANE Publishing
ISBN 13 : 1437933653
Total Pages : 38 pages
Book Rating : 4.4/5 (379 download)

DOWNLOAD NOW!


Book Synopsis Bank Mergers and Banking Structure in the United States, 1980-98 by : Stephen A. Rhoades

Download or read book Bank Mergers and Banking Structure in the United States, 1980-98 written by Stephen A. Rhoades and published by DIANE Publishing. This book was released on 2010-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 1980, the U.S. banking industry experienced a sustained and unprecedented level of merger activity that has substantially affected banking structure. From 1980 through 1998, there were approx. 8,000 mergers, involving about $2.4 trillion in acquired assets. From 1990 to 1999 several mergers occurred that, at the time of occurrence, were the largest bank mergers in U.S. history. This report describes various facets of bank merger activity and some of the changes in U.S. banking structure that occurred from 1980 through 1998. A primary force underlying the sustained merger movement in banking since 1980 was the gradual removal of state and federal restrictions on geographic expansion in banking. Charts and tables.

Mergers and Acquisitions in Banking and Finance

Download Mergers and Acquisitions in Banking and Finance PDF Online Free

Author :
Publisher : Oxford University Press, USA
ISBN 13 : 0195159004
Total Pages : 318 pages
Book Rating : 4.1/5 (951 download)

DOWNLOAD NOW!


Book Synopsis Mergers and Acquisitions in Banking and Finance by : Ingo Walter

Download or read book Mergers and Acquisitions in Banking and Finance written by Ingo Walter and published by Oxford University Press, USA. This book was released on 2004 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended to lay out, in a clear and intuitive as well as comprehensive way, what we know - or think we know - about mergers and acquisitions in the financial services sector. It evaluates their underlying drivers, factual evidence as to whether or not the basic economic concepts and strategic precepts are correct. It looks closely at the managerial dimensions in terms of the efficacy of merger implementation, notably the merger integration process. The focus is on enhancing shareholder value creation and the execution of strategies for the successful management of mergers. It also has a strong public-policy component in this "special" industry where successes can pay dividends and failures can cause serious problems that reach well beyond the financial services industry itself. The financial services sector is about halfway through one of the most dramatic periods of restructuring ever undergone by a major global industry. The impact of the restructuring has carried well beyond shareholders of the firms and involved into the domain of regulation and public policy as well as global competitive performance and economic growth. Financial services are a center of gravity of economic restructuring activity. MandA transactions in the financial sector comprise a surprisingly large share of the value of merger activity worldwide -- including only deals valued in excess of $100 million, during the period 1985-2000 there were approximately 233,700 MandA transactions worldwide in all industries, for a total volume of $15.8 trillion. Of this total, there were 166,200 mergers in the financial services industry (49.7%), valued at $8.5 trillion (54%). In all of restructuring frenzy, the financial sector has probably had far more than its share of strategic transactions that have failed or performed far below potential because of mistakes in basic strategy or mistakes in post-merger integration. It has also had its share of rousing successes. This book considers the key managerial issues, focusing on MandA transactions as a key tool of business strategy - "doing the right thing" to augment shareholder value. But in addition, the degree of integration required and the historic development of integration capabilities on the part of the acquiring firm, disruptions in human resources and firm leadership, cultural issues, timeliness of decision-making and interface management have co-equal importance - "doing it right."

The Impact of Mergers Inefficiency

Download The Impact of Mergers Inefficiency PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 83 pages
Book Rating : 4.:/5 (19 download)

DOWNLOAD NOW!


Book Synopsis The Impact of Mergers Inefficiency by :

Download or read book The Impact of Mergers Inefficiency written by and published by . This book was released on 2007 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this project is to examine whether the wave of bank mergers in Europe (1990s to the present) has led to improvements in bank profitability, bank efficiency, and benefits to consumers. We identify trends and average in financial data for various banks pre and post merger, and situate our results within the context of developments within the various countries. There are many reasons for bank mergers: economy of scales, resources, or acquisition of talented management. Increasing shareholders profit may provide the primary incentive for mergers, although greater market power is another motivation. The result of this project, however, is a comprehensive listing of improvements in the profitability of European banks from mergers, efficiencies, and, finally, benefits to consumers. The project's framework was trends per unit output.

Interstate Banking Deregulation and the Changing Nature of Bank Mergers

Download Interstate Banking Deregulation and the Changing Nature of Bank Mergers PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!


Book Synopsis Interstate Banking Deregulation and the Changing Nature of Bank Mergers by : David Becher

Download or read book Interstate Banking Deregulation and the Changing Nature of Bank Mergers written by David Becher and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine a sample of 443 bank mergers between publicly traded banks announced during the 1990s to investigate empirically the role of full interstate banking deregulation. The pre-deregulation 1990s are characterized by value creation, with mergers involving a high degree of branch overlap experiencing significant announcement gains. Bank mergers in the post-deregulation 1990s, however, fail to create value and mergers with a high degree of branch overlap actually experience significant losses. Consistent with prior research, these valuation consequences are magnified for large bank mergers in the 1990s. Overall, our results are consistent with the broader literature on corporate control, suggesting an economic shock can materially alter industry structure and the economic rationale for the efficient reallocation of assets through merger activity.

Bank Mergers in a Deregulated Environment

Download Bank Mergers in a Deregulated Environment PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 144 pages
Book Rating : 4.:/5 ( download)

DOWNLOAD NOW!


Book Synopsis Bank Mergers in a Deregulated Environment by : Peter S. Rose

Download or read book Bank Mergers in a Deregulated Environment written by Peter S. Rose and published by . This book was released on 1988 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: