The number of bank mergers in 1990s has increased 215%. (Becher, D.A., 1999) From 1987 to 1997, the value of mergers and acquisitions in the world financial industry has reached nearly 1.4 trillions of US dollars. (Cybo-Ottone, MurgiaSince, 2000) Since bank mergers become popular, there has a controversy about whether bank acquisitions create value for target and bidder shareholders. This paper gives a literature review about this paradox and it is divided by four parts. First part is the reasons for bank mergers. Second part shows the literatures before 1990.
Showing posts with label Becher. Show all posts
Showing posts with label Becher. Show all posts
16 Apr 2012
Subscribe to:
Posts (Atom)