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|Title: ||The Effects of Cross-Border Bank Mergers on Bank Risk and Value|
|Authors: ||Amihuda, Yakov|
DeLongb, Gayle L.
|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.|
|Appears in Collections:||Finance Working Papers|
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