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| Author | : Mark Monahan |
| Publisher | : |
| Total Pages | : 380 |
| Release | : 1985 |
| Genre | : Consolidation and merger of corporations |
| ISBN | : |
| Author | : Rami Saleh |
| Publisher | : GRIN Verlag |
| Total Pages | : 97 |
| Release | : 2013-05-08 |
| Genre | : Business & Economics |
| ISBN | : 3656426880 |
Doctoral Thesis / Dissertation from the year 2009 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, , language: English, abstract: A study of the impact of mergers and acquisitions on the economic profitability among Banks in Lebanon
| Author | : Mehroz Nida Dilshad |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 60 |
| Release | : 2013 |
| Genre | : Bank mergers |
| ISBN | : 9783659354977 |
A strong relationship has always been suggested between fluctuations in stock prices and news of mergers and acquisitions. Although, there is definitely action in the prices of stocks around the days when mergers are announced, but they may not be significant in determining the reason for this particular behavior. The book testifies to the market efficiency with respect to mergers and acquisitions announcements, using an event study methodology. This methodology has been applied to analyze the response of financial markets to changes in the banking industry as a result of Mergers and Acquisitions. A merger or an acquisition is assumed to create value if the returns on the shares of the acquirers and the targets increase on the announcement of the merger. In this book, returns on the stocks of banks are compared to the market returns in order to study the effects of announcements of bank mergers on stock values in Europe.
| Author | : Ingo Walter |
| Publisher | : Oxford University Press |
| Total Pages | : 318 |
| Release | : 2004-01-29 |
| Genre | : Business & Economics |
| ISBN | : 019803606X |
This book is intended to lay out, in a clear and intuitive as well as comprehensive way, what we know - or think we know - about mergers and acquisitions in the financial services sector. It evaluates their underlying drivers, factual evidence as to whether or not the basic economic concepts and strategic precepts are correct. It looks closely at the managerial dimensions in terms of the efficacy of merger implementation, notably the merger integration process. The focus is on enhancing shareholder value creation and the execution of strategies for the successful management of mergers. It also has a strong public-policy component in this "special" industry where successes can pay dividends and failures can cause serious problems that reach well beyond the financial services industry itself. The financial services sector is about halfway through one of the most dramatic periods of restructuring ever undergone by a major global industry. The impact of the restructuring has carried well beyond shareholders of the firms and involved into the domain of regulation and public policy as well as global competitive performance and economic growth. Financial services are a center of gravity of economic restructuring activity. M&A transactions in the financial sector comprise a surprisingly large share of the value of merger activity worldwide -- including only deals valued in excess of $100 million, during the period 1985-2000 there were approximately 233,700 M&A transactions worldwide in all industries, for a total volume of $15.8 trillion. Of this total, there were 166,200 mergers in the financial services industry (49.7%), valued at $8.5 trillion (54%). In all of restructuring frenzy, the financial sector has probably had far more than its share of strategic transactions that have failed or performed far below potential because of mistakes in basic strategy or mistakes in post-merger integration. It has also had its share of rousing successes. This book considers the key managerial issues, focusing on M&A transactions as a key tool of business strategy - "doing the right thing" to augment shareholder value. But in addition, the degree of integration required and the historic development of integration capabilities on the part of the acquiring firm, disruptions in human resources and firm leadership, cultural issues, timeliness of decision-making and interface management have co-equal importance - "doing it right."
| Author | : Benton E. Gup |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 242 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 9400925247 |
Historians of our financial system will record this as an age of deregulation and bank mergers. Deregulation, a cornerstone of President Reagan's Administration, resulted in federal and state legislation that contributed to increased competition for financial services and increased merger activity. During the 1981-1986 period, there were 2,139 mergers in banking and finance, accounting for 16 percent of total merger activity.l More mergers occurred in banking and finance than in any other industry. Because of these bank mergers, there are vast amounts of data avail able for scholarly research. This book presents some results of that research which will be of interest to academics, bankers, investors, legislators, and regulators. The book consists of ten articles, and it is divided into three parts. Part 1: National and Regional Bank Mergers gives a broad perspective of merger activity. The first article by Peter S. Rose compared the growth of bank holding companies that merged with those that did not merge. One conclusion of his study was that banks planning mergers tended to be aggressively managed and were often beset by problems, such as low profitability or declining loan quality. Mergers were one solution to their problems. But he found no solid evidence that mergers resulted in greater profitability or reduced risk. He also observed that acquiring banks did not seem to grow faster than those choosing not to merge.
| Author | : Eli Amir |
| Publisher | : Springer Nature |
| Total Pages | : 304 |
| Release | : 2021-02-02 |
| Genre | : Business & Economics |
| ISBN | : 3030617696 |
Mergers and acquisitions (M&As) reshape the corporate landscape helping companies expand market share and gain a strategic advantage. The ability to understand and analyze these transactions is a crucial skill. The first step in acquiring that skill is being able to gather and analyse information on M&As from public sources, such as financial statements. This textbook helps its readers better analyze M&A transactions using information provided in financial statements. Covering accounting and reporting of consolidations, goodwill, non-controlling interests, step acquisitions, spin-offs, equity carve-outs, joint ventures, leveraged buyouts, disposal of subsidiaries, special purpose entities, and taxes, it focuses on the link between underlying economic events and the information in financial statements and how this link affects the assessment of corporate performance. The first part of the book provides description of the accounting rules governing M&A transactions, while the second part includes cases of M&A transactions. Each case focuses on a different element of an M&A transaction, and it is followed by a detailed solution with a complete analysis. Unlike other books in this field, this textbook focuses exclusively on accounting and financial analysis for graduate and upper undergraduate level courses in financial analysis, corporate finance, and financial accounting.
| Author | : Stuart Ferguson (Ph. D.) |
| Publisher | : McGraw Hill Professional |
| Total Pages | : 390 |
| Release | : 2003 |
| Genre | : Business & Economics |
| ISBN | : 9780071402118 |
A quantitative tool for assessing and improving post-mergers and acquisitions (M & A) performance. Stuart Ferguson explains how to use the tool as a way to anticipate, measure and prevent functional problems when merging disparate groups. It is designed to translate often difficult-to-understand behavioural concepts and data into their direct impacts on business ratios and indicators, such as ROI, cost of sales, and payback period.
| Author | : F. Fiordelisi |
| Publisher | : Springer |
| Total Pages | : 309 |
| Release | : 2015-12-17 |
| Genre | : Business & Economics |
| ISBN | : 0230299156 |
This book examines new issues in financial markets and institutions raised by the global economic crisis that began in 2007. The four main themes are: management, innovation and technology in banking; efficiency and productivity; consolidation; and corporate governance issues.
| Author | : Vassilis Chouliaras |
| Publisher | : |
| Total Pages | : 7 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
The wave of mergers and acquisitions of financial institutions which was observed in the United States and Europe in the 1980s and 1990s seems to have affected the Greek banking market by the end of the 1990s. The result was the emergence of new significant players in the market. Despite the fact that scale economies should lead to the improvement of their efficiency, this fact was not confirmed by empirical research and, moreover in several cases there has been an adverse effect. We are focus on financial statement analysis by examining the profitability and performance ratios. Mergers and acquisitions in the Greek banking system contributed to an increase in profitability of banks but they did not lead to improvement to their efficiency. It is an undeniable fact that the development and expansion of banks had a positive effect on the markets, resulting in the attraction of new capital which improved their capital sufficiency and of course on their extroversion, their internationalization and their successful expansion to other markets - particularly to Balkan countries.
| Author | : Yakov Amihud |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 249 |
| Release | : 2013-04-17 |
| Genre | : Business & Economics |
| ISBN | : 1475727992 |
As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors. Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.
