The effects of cross-border bank mergers on bank risk and value

Journal of International Money and Finance

Volumn 21, Issue 6, 2002, Pages 857-877

  Amihud, Yakov ^a   DeLong, Gayle L ^b   Saunders, Anthony ^a  

^a NEW YORK UNIVERSITY   (United States)

^b CITY UNIVERSITY OF NEW YORK   (United States)

Author keywords

Banks; International business; Market reaction; Mergers

Indexed keywords

EID: 0036830133     PISSN: 02615606     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0261-5606(02)00026-8     Document Type: Article

References (17)

1. Agmon, T., Lessard, D., 1977. Investor recognition of corporate international diversification. Journal of Finance 32 (4), 1049-1055.
2. Berger, A., 2000. The big picture of bank diversification. Proceedings, Federal Reserve of Chicago, May, pp. 162-174.
3. Buch, C., DeLong, G., 2002. Cross-border bank mergers: What lures the rare animal? Working paper, Baruch College, NY.
4. Cybo-Ottone, A., Murgia, M., 2000. Mergers and shareholder wealth in European banking. Journal of Banking and Finance 24 (6), 831-859.
5. DeLong, G.L., 2001. Stockholder gains from focusing versus diversifying bank mergers. Journal of Financial Economics 59 (2), 221-252.
6. Doukas, J., Travlos, N.G., 1988. The effect of corporate multinationalism on shareholders' wealth: evidence from international acquisitions. Journal of Finance 43 (5), 1161-1175.
7. Eun, C.S., Kolodny, R., Scheraga, C., 1996. Cross-border acquisitions and the shareholder wealth: tests of the synergy and internalization hypothesis. Journal of Banking and Finance 20 (9), 1559-1582.
8. Hawawini, G., Swary, I., 1990. Mergers and Acquisitions in the US Banking Industry. North Holland, Amsterdam.
9. Houston, J.F., Ryngaert, M.D., 1994. The overall gains from large bank mergers. Journal of Banking and Finance 18 (6), 1155-1176.
10. John, K., John, T., Senbet, L., 1991. Risk shifting incentives of depository institutions: a new perspective on Federal Deposit Insurance reform. Journal of Banking and Finance 15 (4-5), 895-915.
11. John, K., Saunders, A., Senbet, L., 2000. A theory of bank compensation and management regulation. Review of Financial Studies 3 (1), 95-126.
12. Kane, E., 2000. Incentives for banking megamergers: what motives might regulators infer from eventstudy evidence? Journal of Money, Credit and Banking 32 (3), 671-699.
13. Piloff, S.J., Santomero, A.M., 1998. The value effects of bank mergers and acquisitions. In: Amihud, Y., Miller, G. (Eds.), Bank Mergers and Acquisitions. Kluwer Academic Publishing, Boston.
14. Repullo, R., 2001. A model of takeover of foreign banks. Spanish Economic Review 3 (1), 1-21.
15. Segal, Z., 1974. Market and Industry Factors Affecting Commercial Bank Stocks: An Analysis of the Price Behavior of Bank Stock Prices. Unpublished doctoral dissertation. New York University, NY.
16. Vander Vennet, R., 1996. The effect of mergers and acquisitions on the efficiency and profitability of EC credit institutions. Journal of Banking and Finance 20 (9), 1531-1558.
17. Winton, A., 1999. Don't put all your eggs in one basket? Diversification and specialization in lending. Working paper. University of Minnesota, MN.