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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26441
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| Title: | The Effects of Cross-Border Bank Mergers on Bank Risk and Value |
| Authors: | Amihuda, Yakov
DeLongb, Gayle L.
Saundersc, Anthony |
| Keywords: | Banks
Mergers
Market reaction
International business |
| Issue Date: | Mar-2002 |
| Series/Report no.: | FIN-02-008 |
| Abstract: | This paper examines the effects of cross-border bank mergers on the risk
and (abnormal) returns of acquiring banks. We find that overall, 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
acquirers are negative and significant, but are somewhat higher when
risk increases relative to banks in the acquirer’s home country. |
| URI: | http://hdl.handle.net/2451/26441 |
| Appears in Collections: | Finance Working Papers
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