Banking Crises and Market Timing: Evidence from M&As in the Banking Sector

Chung Hua Shen, Yehning Chen, Hsing Hua Hsu, Chih-Yung Lin*

*此作品的通信作者

研究成果: Article同行評審

5 引文 斯高帕斯(Scopus)

摘要

We investigate whether the gains are greater for banks that conduct mergers and acquisitions (M&As) during banking crises than during non-crisis periods. We contribute to the literature by examining 1984 M&As using global banking sample from 106 countries (areas) during 1994 ~ 2009. We find the synergistic gains of acquiring banks during banking crises are larger than those during non-crisis periods. We further find that such gains are greater when acquiring weak targets, for acquirers in developed countries, and for acquirers in domestic M&As. This study confirms that a banking crisis is an appropriate time for banks to conduct M&As.

原文English
頁(從 - 到)315–347
頁數33
期刊Journal of Financial Services Research
57
DOIs
出版狀態Published - 6月 2020

指紋

深入研究「Banking Crises and Market Timing: Evidence from M&As in the Banking Sector」主題。共同形成了獨特的指紋。

引用此