Is The Bank Merger Wave Of The 1990s Efficient
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Is The Bank Merger Wave Of The 1990s Efficient
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Author : Charles W. Calomiris
language : en
Publisher: A E I Press
Release Date : 1998
Is The Bank Merger Wave Of The 1990s Efficient written by Charles W. Calomiris and has been published by A E I Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
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.
The Bank Merger Wave The Economic Causes And Social Consequences Of Financial Consolidation
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Author : Gary Dymski
language : en
Publisher: Routledge
Release Date : 2016-09-16
The Bank Merger Wave The Economic Causes And Social Consequences Of Financial Consolidation written by Gary Dymski and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-16 with Business & Economics categories.
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.
Bank Mergers Acquisitions
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Author : Yakov Amihud
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Bank Mergers Acquisitions written by Yakov Amihud and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.
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.
Mergers And Productivity
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Author : Steven N. Kaplan
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Mergers And Productivity written by Steven N. Kaplan and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
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.
Bank Mergers
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Author : Jayshree Bose
language : en
Publisher:
Release Date : 2006
Bank Mergers written by Jayshree Bose and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Bank mergers categories.
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
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Author : Michael Koetter
language : en
Publisher:
Release Date : 2016
Evaluating The German Bank Merger Wave written by Michael Koetter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
German banks experienced a merger wave throughout the 1990s. However.
Bank Mergers And Acquisitions In The United States 1990 1997
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Author : Ashford Maharaj
language : en
Publisher: Universal-Publishers
Release Date : 2002-06
Bank Mergers And Acquisitions In The United States 1990 1997 written by Ashford Maharaj and has been published by Universal-Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06 with Business & Economics categories.
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.
Bank Merger Wave
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Author : Gary Dymski
language : en
Publisher:
Release Date : 2015
Bank Merger Wave written by Gary Dymski and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Bank mergers categories.
Banking Consolidation In The Eu
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Author : Rym Ayadi
language : en
Publisher: CEPS
Release Date : 2004
Banking Consolidation In The Eu written by Rym Ayadi and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Bank mergers categories.
The Impact Of Geographic Deregulation On The American Banking Industry
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Author : Ann B. Matasar
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2002-03-30
The Impact Of Geographic Deregulation On The American Banking Industry written by Ann B. Matasar and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-03-30 with Business & Economics categories.
With the passage of the Riegle-Neal Interstate Banking and Branching Efficiency Act and the Riegle Community Development and Regulatory Improvement Act in 1994, some Americans celebrated the dawn of a new banking era. These laws, which provided some relief from regulation, represented the first revision of the Glass-Steagall Act of 1933. In the intervening sixty years, the U.S. banking industry had undergone dramatic changes, both domestically and internationally, and yet the laws associated with banking remained fixed and intransigent. No amount of regulatory flexibility or bankers' ingenuity was able to substitute fully for modernization of the banking laws necessary to keep pace with the revolution in the banking and financial services industries. The new legislation represented a rapid realignment of American banking laws with societal norms; as such, it generated confusion and uncertainty for many bankers and their constituents, for example, stockholders, customers, and employees. Matasar and Heiney examine public data since 1994 in an effort to fully apprise scholars and practitioners of the changes that have irrevocably altered the landscape of American banking. The Riegle-Neal Act and the Riegle Act were the first blows to the dominance of Depression-era legislation in banking. The second was the Gramm-Leach-Bliley Financial Services Modernization Act of 1999, which eliminated major portions of the Glass-Steagall Act. This study, which analyzes data from 1994 to 1999, ably captures and isolates the effects on American banking of the twin Riegle laws alone, with the noted exceptions of changed circumstances that may have resulted from other environmental factors (but not from other banking legislation). The focus here is on interstate banking experiences. Matasar and Heiney's analysis reveals the direction that changes associated with the law are likely to take and thus serves as a baseline for future research and analysis.