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| Tekijä: | Amihud, Y. DeLong, G. L. Saunders, A. |
| Otsikko: | The effects of cross-border bank mergers on bank risk and value |
| Lehti: | Journal of International Money and Finance
2002 : NOV, VOL. 21:6, p. 857-877 |
| Asiasana: | Banks Mergers Market surveys Business economics International trade |
| Vapaa asiasana: | Market reactions |
| Kieli: | eng |
| Tiivistelmä: | The authors examine the effects of cross-border bank mergers on the risk and returns of acquiring banks. They find that, the acquirers' risk neither increases nor decreases. In particular, on average, neither their total risk nor their systematic risk falls relative to banks in their home banking market. The abnormal returns to acquierrs are negative and significant, but are somewhat higher when risk increases relative to banks in the acquierr's home country. |
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