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A market evaluation of FDIC assisted transactions

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  • Cochran, Bruce
  • Rose, Lawrence C.
  • Fraser, Donald R.

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  • Cochran, Bruce & Rose, Lawrence C. & Fraser, Donald R., 1995. "A market evaluation of FDIC assisted transactions," Journal of Banking & Finance, Elsevier, vol. 19(2), pages 261-279, May.
    • Handle: RePEc:eee:jbfina:v:19:y:1995:i:2:p:261-279
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    2. James, Christopher & Wier, Peggy, 1987. "An analysis of FDIC failed bank auctions," Journal of Monetary Economics, Elsevier, vol. 20(1), pages 141-153, July.
    3. Jensen, Michael C. & Ruback, Richard S., 1983. "The market for corporate control : The scientific evidence," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 5-50, April.
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    6. Rebel A. Cole & Robert A. Eisenbeis & Joseph A. McKenzie, 1989. "Excess returns and sources of value in FSLIC-assisted acquisitions of troubled thrifts," Financial Industry Studies Working Paper 89-1, Federal Reserve Bank of Dallas.
    7. Millon Cornett, Marcia & De, Sankar, 1991. "Common stock returns in corporate takeover bids: Evidence from interstate bank mergers," Journal of Banking & Finance, Elsevier, vol. 15(2), pages 273-295, April.
    8. Bradley, Michael & Desai, Anand & Kim, E. Han, 1988. "Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms," Journal of Financial Economics, Elsevier, vol. 21(1), pages 3-40, May.
    9. Giliberto, S Michael & Varaiya, Nikhil P, 1989. " The Winner's Curse and Bidder Competition in Acquisitions: Evidence from Failed Bank Auctions," Journal of Finance, American Finance Association, vol. 44(1), pages 59-75, March.
    10. Rebel A. Cole & Robert A. Eisenbeis, 1989. "Value creation and excess returns in FSLIC-assisted acquisitions of troubled thrifts," Proceedings 251, Federal Reserve Bank of Chicago.
    11. Daria B. Caliguire & James B. Thomson, 1987. "FDIC policies for dealing with failed and troubled institutions," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
    12. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    13. Anand S. Desai & Roger D. Stover, 1985. "Bank Holding Company Acquisitions, Stockholder Returns, And Regulatory Uncertainty," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 8(2), pages 145-156, June.
    14. Baibirer, Sheldon D. & Jud, G. Donald & Lindahl, Frederick W., 1992. "Regulation, competition, and abnormal returns in the market for failed thrifts," Journal of Financial Economics, Elsevier, vol. 31(1), pages 107-131.
    15. Roll, Richard, 1986. "The Hubris Hypothesis of Corporate Takeovers," The Journal of Business, University of Chicago Press, vol. 59(2), pages 197-216, April.
    16. Karafiath, Imre, 1988. "Using Dummy Variables in the Event Methodology," The Financial Review, Eastern Finance Association, vol. 23(3), pages 351-357, August.
    17. Jarrell, Gregg A & Brickley, James A & Netter, Jeffry M, 1988. "The Market for Corporate Control: The Empirical Evidence Since 1980," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 49-68, Winter.
    18. Jack W. Trifts & Kevin P. Scanlon, 1987. "Interstate Bank Mergers: The Early Evidence," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 10(4), pages 305-313, December.
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    Cited by:

    1. Zhang, Hao, 1997. "Repeated acquirers in FDIC assisted acquisitions," Journal of Banking & Finance, Elsevier, vol. 21(10), pages 1419-1430, October.
    2. Pejman Abedifar & Amine Tarazi & Lawrence J White, 2020. "The Sale of Failed Banks: The Characteristics of Acquirers -as Well as of the Acquired -Matter," Working Papers hal-02964631, HAL.
    3. Cowan, Arnold R. & Salotti, Valentina, 2015. "The resolution of failed banks during the crisis: Acquirer performance and FDIC guarantees, 2008–2013," Journal of Banking & Finance, Elsevier, vol. 54(C), pages 222-238.
    4. Jason Allen & Robert Clark & Brent Hickman & Eric Richert, 2019. "Resolving Failed Banks: Uncertainty, Multiple Bidding & Auction Design," Staff Working Papers 19-30, Bank of Canada.
    5. Nikhil Varaiya & David Ely, 1997. "Assessing the Resolution of Insolvent Thrift Institutions post FIRREA: The Impact of Resolution Delays," Journal of Financial Services Research, Springer;Western Finance Association, vol. 11(3), pages 255-282, June.
    6. Roy Gardner & Roger Stover, 1998. "The Role of Information in Resolution Trust Corporation Auctions of Failed Thrifts," Journal of Financial Services Research, Springer;Western Finance Association, vol. 14(3), pages 209-221, December.
    7. Howell, Jann C. & Stover, Roger D., 2002. "How much do governance and managerial behavior matter in investment decisions? Evidence from failed thrift auctions," Journal of Corporate Finance, Elsevier, vol. 8(3), pages 195-211, July.
    8. Zhou, Tim, 2015. "Failed bank auctions and externalities," MPRA Paper 65587, University Library of Munich, Germany.
    9. Loveland, Robert, 2016. "How prompt was regulatory corrective action during the financial crisis?," Journal of Financial Stability, Elsevier, vol. 25(C), pages 16-36.
    10. Mamun, Abdullah & Tannous, George & Zhang, Sicong, 2021. "Do regulatory bank mergers improve operating performance?," International Review of Economics & Finance, Elsevier, vol. 73(C), pages 152-174.
    11. Stover, Roger D., 1997. "Early resolution of troubled financial institutions: An examination of the accelerated resolution program," Journal of Banking & Finance, Elsevier, vol. 21(8), pages 1179-1194, August.
    12. Tim M. Zhou, 2023. "Auctions of failed banks: an analysis of losing bidders," Review of Quantitative Finance and Accounting, Springer, vol. 61(1), pages 155-176, July.
    13. Chi, Li-Chiu & Tang, Tseng-Chung, 2007. "Impact of reorganization announcements on distressed-stock returns," Economic Modelling, Elsevier, vol. 24(5), pages 749-767, September.
    14. Philip Molyneux & Tim Mi Zhou, 2022. "Banking market reaction to auctions of failed banks," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 518-534, January.

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