haku: @author DeLong, G. L. / yhteensä: 2
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| Tekijä: | DeLong, G. L. |
| Otsikko: | Stockholder gains from focusing versus diversifying bank mergers |
| Lehti: | Journal of Financial Economics
2001 : FEB, VOL. 59:2, p. 221-252 |
| Asiasana: | Banks Mergers Market conditions |
| Vapaa asiasana: | Market reaction |
| Kieli: | eng |
| Tiivistelmä: | This paper shows bank mergers that enhance value upon announcement can be distinguished from those that do not create value. The author classifies mergers of banking firms according to activity and geographic similarity (focus) or dissimilarity (diversification), and examine the abnormal returns to each group as a result of the merer announcement. Mergers that focus both activity and geography enhance stockholder value by 3.0% while the other types do not create value. |
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