The valuation effects of bank mergers

By David A. Becher. 2000

191 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/25aa2b8b6914368cb7bab6975b5d8acb58267cf8

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Citations in the corpus

Where do merger gains come from? Bank mergers from the perspective of insiders and outsiders (2001, methodology): “Consistent with Becher (1999) , we "nd that a shift has occurred over time.”
Consolidation in banking and financial stability in Europe: Empirical evidence (2008, background): “Barth et al. (2001, 2004) Governmental ownership Fraction of assets of a country’s total banking system's assets held by government.”
Performance Changes Around Bank Mergers: Revenue Enhancements versus Cost Reductions (2006, background): “Becher (2000) finds that bank mergers from 1990 through 1997 produce positive ARs for targets and bidders.”
Incentive Compensation for Bank Directors: The Impact of Deregulation (2005, unknown): “Becher (2000) documents bank merger activity increased over 200% from the early 1980s until the 1990s as the number of banks or bank holding companies decreased by over 35%.”
Learning by Observing: Information Spillovers in the Execution and Valuation of Commercial Bank M&As (2007, background): “Berger et al. (1998) argue persuasively that it takes 3 years for merged banks to achieve the bulk of the merger-induced changes in financial and operational performance. Third, we normalize both the premerger and postmerger financial ratios by subtracting off the same-year, industry-average financi”
Explaining M&A Success in European Banks (2004, unknown): “The method of payment has turned out to be a very significant driver of M&A success (Travlos, 1987; Amihud et al., 1990; Becher, 1999; Hawawini and Swary, 1990; Kaen and Tehranian, 1989).”
The Impact of Bank Consolidation on Commercial Borrower Welfare (2005, unknown): “For example, James and Wier (1987) use AR(-1), AR(0), CAR(-1,0), CAR(-4,0), CAR(-15,0), and CAR(-15,+15); Cornett and De (1991) consider each day from –15 to +15; Houston and Ryngaert (1994) use an event window that starts four days prior to the first announcement of an intention to merger and ends ”