haku: @author Milbourn, T. / yhteensä: 2
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| Tekijä: | Milbourn, T. |
| Otsikko: | Megamergers and expanded scope: theories of bank size and activity diversity |
| Lehti: | Journal of Banking and Finance
1999 : FEB, VOL. 23:2-4, p. 195-214 |
| Asiasana: | BANKING FINANCE MERGERS |
| Kieli: | eng |
| Tiivistelmä: | The authors point to the vast empirical literature in banking to argue that the current expansion of scale and scope in banking represents a puzzle. The authors then present two explanations that help to understand why banks are getting bigger and doing more. The authors' explanation suggests that banks may be doing this to increase their shareholders' wealth and/or merely to enhance the reputation of their management (CEOs). The latter could lead to herd behavior involving banks that increase size and scope despite a dissipation of shareholders' wealth. |
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