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| Author: | Penas, M. F. Unal, H. |
| Title: | Gains in bank mergers: evidence from the bond markets |
| Journal: | Journal of Financial Economics
2004 : OCT, VOL. 74:1, p. 149-179 |
| Index terms: | Banking Bond markets Mergers |
| Language: | eng |
| Abstract: | This article presents evidence that the adjusted returns of merging banksÂ’ are positive and significant across pre-merger and announcement months. The authors also provide the first study that shows acquirers benefit by lower cost of funds on post-merger debt issues. |
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