Changes in corporate performance associated with bank acquisitions

Article Abstract:

Thirty large bank mergers in the US between 1982 and 1987 improved their loan-deposit rates, employee productivity levels and asset growth. A comparison of pre- and post-unification accounting data of these banks indicate superior cash flow returns after their merger, even surpassing industry standards. The study founda positive correlation between the 'abnormal' stock returns during the merger- announcement period and the post-unification cash flow and accounting performance results. Expectations of better performance seem to underlie the stock/price revaluations of the merged banks.

State commercial banks, Performance, Economic aspects, Mergers, acquisitions and divestments, Acquisitions and mergers

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Determinants of target capital structure: the case of dual debt and equity issues

Article Abstract:

Empirical studies of corporate financing identify characteristics of firms, which are important determinants of corporate financing preferences, are presented. The differences in market performance found between dual and equity issuers are attributed to the trade-off hypothesis.

Capital market, Capital markets, Corporate finance

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Long-term performance of rival banks around bank failures

Article Abstract:

A study on the bank failure effects on the long-term performances of rival banks is presented.

Commercial Banks, Organizational history, Company restructuring/company reorganization, Reorganization and restructuring, Company organization, Bank failures

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