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Please use this identifier to cite or link to this item: http://hdl.handle.net/2451/26441

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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