Repeated acquirers in FDIC assisted acquisitions

Article Abstract:

The Federal Deposit Insurance Corporation helped in the acquisitions of failed banking agencies during the 1980s and early 1990s. Results from the assistance has been detrimental to government while benefiting acquirers in assisted firms with positive irregular returns. The outcomes from the government-assisted acquisitions can be explained by the presence of repeated acquirers. The repeated acquirers were able to gain better chances of producing a positive abnormal return through a reduction in the winning bid and the number of bids.

Banking Institutions, Depository Credit Intermediation, Administration of General Economic Programs, DEPOSITORY INSTITUTIONS, Business Aid Programs, Research, Management, Banks (Finance), Business assistance, Business losses, Bank failures, United States. Federal Deposit Insurance Corp.

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The importance of relationships to the availability of credit

Article Abstract:

Pre-existing relationships between lender and borrower are found to be significant determinants of decisions to extend credit with the length of relationships showing no statistical importance. Findings also suggest that private information that a lender generates is valuable when a firm has multiple sources of credit as lenders are less likely to extend credit to firms with multiple sources of financial services.

Financial Services, Finance and Insurance, Analysis, Evaluation, Financial services industry, Credit, Commercial loans

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