Consolidation, Concentration, And Valuation In The Banking Industry

Autor:	Edward R. Waller, Yvette M. Bendeck
Rok vydání:	2011
Předmět:	Microeconomics Consolidation (business) Economics Market power Monetary economics Banking industry Valuation (finance)
Zdroj:	Journal of Business & Economics Research (JBER). 9:41
ISSN:	2157-8893 1542-4448
DOI:	10.19030/jber.v9i8.5293
Popis:	We assess whether gains in wealth associated with bank consolidation are the result of reduced competition by examining effects of merger announcements on values of bidders, targets and rivals. The results suggest that gains in wealth are not due to increases in market power at the level of individual banks. Specifically, we find that returns to bidders, targets and rivals are unrelated to the effects of mergers on concentration.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e0cb0eface59397b0bffa83ecde96492 https://doi.org/10.19030/jber.v9i8.5293 Zobrazit plný text záznamu