Bank mergers and components of risk: An evaluation

被引：0
|
作者：
Mishra S. [1 ]
Prakash A.J. [1 ]
Karels G.V. [2 ]
Peterson M. [2 ]
机构：
[1] Florida Intemational University, Miami
[2] University of Nebraska Lincoln, Lincoln
来源：
Journal of Economics and Finance | 2005年 / 29卷 / 1期
关键词：
Risk Measure; Systematic Risk; Total Risk; Bank Merger; Weekly Return;
D O I：
10.1007/BF02761544
中图分类号：
学科分类号：
摘要：
The present study empirically examines the contribution of the acquired banks in only the non-conglomerate types of mergers (i.e., banks with banks), where the bulk of the payment is in the form of equity to the acquiring bank and finds overwhelmingly statistically significant evidence that nonconglomerate types of mergers definitely reduce the total as well as the unsystematic risk while having no statistically significant effect on systematic risk. Therefore, it seems that diversification may be a possible motive for bank mergers.
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页码：85 / 96
页数：11
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