Mergers and Productivity

Mergers and Productivity
Author: Steven N. Kaplan
Publisher: University of Chicago Press
Total Pages: 350
Release: 2007-12-01
Genre: Business & Economics
ISBN: 0226424332

Mergers and Productivity offers probing analyses of high-profile mergers in a variety of industries. Focusing on specific acquisitions, it illustrates the remarkable range of contingencies involved in any merger attempt. The authors clearly establish each merger's presumed objectives and the potential costs and benefits of the acquisition, and place it within the context of the broader industry. Striking conclusions that emerge from these case studies are that merger and acquisition activities were associated with technological or regulatory shocks, and that a merger's success or failure was dependent upon the acquirer's thorough understanding of the target, its corporate culture, and its workforce and wage structures prior to acquisition. Sifting through a wealth of carefully gathered evidence, these papers capture the richness, the complexity, and the economic intangibles inherent in contemporary merger activity in a way that large-scale studies of mergers cannot.

The Bank Merger Wave

The Bank Merger Wave
Author: Gary Dymski
Publisher: M.E. Sharpe
Total Pages: 348
Release: 1999
Genre: Business & Economics
ISBN: 9780765603838

The merger-mania of the 1990s has seen half of all US banks in operation at the end of the 1970 disappear. This study shows that it is not operating efficiences driving the mergers, and that consolidation may have effects contrary to consumer and non-financial businesss interests.

Bank Mergers & Acquisitions

Bank Mergers & Acquisitions
Author: Yakov Amihud
Publisher: Springer Science & Business Media
Total Pages: 268
Release: 1998-02-28
Genre: Business & Economics
ISBN: 9780792399759

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.

Is the Bank Merger Wave of the 1990s Efficient?

Is the Bank Merger Wave of the 1990s Efficient?
Author: Charles W. Calomiris
Publisher: A E I Press
Total Pages: 140
Release: 1998
Genre: Business & Economics
ISBN:

This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic commerce. In a new era of deregulation, the US banking system is undergoing dramatic consolidation. The authors use detailed case studies to determine the motivation for bank mergers, assess the advertised gains in efficiency and services, and resolve inconsistencies between econometric studies and comparisons of performance in different US states and different countries. As merger activity intensifies, the volume explains both the acceleration of merger activity and the rationales for recent megamergers. The authors also explore the link between consolidation and global competitiveness and dissect client-based universal banking.

The Bank Merger Wave: The Economic Causes and Social Consequences of Financial Consolidation

The Bank Merger Wave: The Economic Causes and Social Consequences of Financial Consolidation
Author: Gary Dymski
Publisher: Routledge
Total Pages: 356
Release: 2016-09-16
Genre: Business & Economics
ISBN: 1315292432

This far-reaching study shows that operating efficiencies are not what are driving today's unrelenting bank merger mania. It suggests that bank mergers and consolidation may have effects that are contrary to consumer and non-financial business interests, such as lower rates of interest, increasing fees, and tighter credit constraints. Dymski recommends several new policies to apply to the evaluation of prospective mergers.

The Great Merger Movement in American Business, 1895-1904

The Great Merger Movement in American Business, 1895-1904
Author: Naomi R. Lamoreaux
Publisher: Cambridge University Press
Total Pages: 224
Release: 1988-04-29
Genre: Business & Economics
ISBN: 9780521357654

Between 1895 and 1904 a great wave of mergers swept through the manufacturing sector of the U.S. economy. In The Great Merger Movement in American Business, Lamoreaux explores the causes of the mergers, concluding that there was nothing natural or inevitable about turn-of-the-century combinations.

Global Waves of Debt

Global Waves of Debt
Author: M. Ayhan Kose
Publisher: World Bank Publications
Total Pages: 403
Release: 2021-03-03
Genre: Business & Economics
ISBN: 1464815453

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Structural Change in Banking

Structural Change in Banking
Author: Michael Klausner
Publisher: Irwin Professional Publishing
Total Pages: 380
Release: 1993
Genre: Business & Economics
ISBN:

The thrift crisis and recent weakness in the banking sector has intensified attention toward regulatory reform. But most proposals take as a given the traditional structure of banking, under which a bank holds illiquid loans and liquid liabilities. Structural Change in Banking explores the possibility of more fundamental changes in bank structure, which would reduce the instability that is inherent in the current structure. The major essays in this book, written by leading authors in the field, examine the historical legacy of limitations on bank branching and their consequences on bank structure and stability; how securitization affects the bank structure, risk, and liquidity; the advantages to a bank from having checking account information about its loan customers; and the potential for money market funds and finance companies to become the banks of the future. Structural Change in Banking is an essential tool for bank regulators, legislators, executives, and anyone concerned with rectifying the instability of traditional banking structure. This book not only makes a strong argument for change, it provides an intelligent analysis of alternatives through which credit can be provided.

Bottomline Banking

Bottomline Banking
Author: John B. McCoy
Publisher: Irwin Professional Publishing
Total Pages: 404
Release: 1996-11
Genre: Business & Economics
ISBN: 9780786311125