| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23469 |
| 来源ID | Working Paper 23469 |
| Acquiring Banking Networks | |
| Ross Levine; Chen Lin; Zigan Wang | |
| 发表日期 | 2017-06-05 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Does the pre-deal geographic overlap of the subsidiaries and branches of two banks affect the probability that they merge and post-merger value creation and synergies? We compile comprehensive information on U.S. bank acquisitions from 1986 through 2014, construct several measures of network overlap, and design and implement a new identification strategy. We find that greater pre-deal network overlap (1) increases the likelihood that two banks merge, (2) boosts the cumulative abnormal returns of the acquirer, target, and combined banks, and (3) is associated with larger labor cost reductions, managerial turnover, loan quality improvements, and revenue enhancements at target banks. |
| 主题 | Financial Economics ; Financial Institutions ; Corporate Finance |
| URL | https://www.nber.org/papers/w23469 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581143 |
| 推荐引用方式 GB/T 7714 | Ross Levine,Chen Lin,Zigan Wang. Acquiring Banking Networks. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23469.pdf（614KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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