The price of bank mergers in the 1990s
AbstractThis article examines the primary motivations for the massive wave of bank mergers in the U.S. during the 1990s by analyzing the prices paid for target banks. The authors find that these prices reflect both general market and firm-specific characteristics. For example, the lifting of regulatory restrictions on geographic markets for bank mergers has a significant impact on the average price paid. Additionally, more profitable target banks tend to command a significantly higher market price.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.
Volume (Year): (2000)
Issue (Month): Q I ()
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"Globalization of financial institutions: evidence from cross-border banking performance,"
Working Paper Series
WP-99-25, Federal Reserve Bank of Chicago.
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- Elijah Brewer, III & William E. Jackson, III & Julapa Jagtiani, 2010. "Corporate governance structure and mergers," Working Papers 10-26, Federal Reserve Bank of Philadelphia.
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