M&A of Financial Institutions: Literature Review
there is little consensus as to the effects of this consolidation on industry performance. For example, the extant literature provides no consistent evidence regarding whether the participating financial firms benefit on average from M&As, whether the customers of these firms benefit on average from M&As, or whether societal risks have increased or decreased as a result of these M&As” (DeYoung et al., 2009, forthcoming).
KeywordsFinancial Institution Abnormal Return Total Asset Cumulate Abnormal Return Announcement Date
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