Market response to announcements of mergers of Canadian financial institutions
This study examines a sample of mergers of Canadian Financial Institutions during the 1990’s to determine whether in-pillar, cross-pillar and foreign mergers are value-enhancing, and to determine possible sources of synergies behind those mergers. It develops testable hypotheses for Canadian FI merg...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | |
| التنسيق: | article |
| منشور في: |
2015
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| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/3750 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2625110 |
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إضافة وسم
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| _version_ | 1864513462144598016 |
|---|---|
| author | Aintablian, Sebouh |
| author2 | Roberts, Gordon S. |
| author2_role | author |
| author_facet | Aintablian, Sebouh Roberts, Gordon S. |
| author_role | author |
| dc.creator.none.fl_str_mv | Aintablian, Sebouh Roberts, Gordon S. |
| dc.date.none.fl_str_mv | 2015 2016-05-10T10:58:29Z 2016-05-10T10:58:29Z 2016-05-10 |
| dc.identifier.none.fl_str_mv | 1096-1879 http://hdl.handle.net/10725/3750 Aintablian, S., & Roberts, G. S. (2005). Market response to announcements of mergers of Canadian financial institutions. Multinational Finance Journal, 9(1/2), 72-98. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2625110 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Multinational Finance Journal |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Market response to announcements of mergers of Canadian financial institutions |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | This study examines a sample of mergers of Canadian Financial Institutions during the 1990’s to determine whether in-pillar, cross-pillar and foreign mergers are value-enhancing, and to determine possible sources of synergies behind those mergers. It develops testable hypotheses for Canadian FI mergers by synthesizing prior U.S. tests in the context of Canadian institutional arrangements. The overall results support the generality of findings of prior U.S. studies that the average abnormal return for both the acquiring and target firms is positive and statistically significant. This result suggests that acquisitions in the financial industry are, in Canada as elsewhere, driven by value-maximizing motivations. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_4db39d83fe9d8d5f60b51326c5f0eaf3 |
| identifier_str_mv | 1096-1879 Aintablian, S., & Roberts, G. S. (2005). Market response to announcements of mergers of Canadian financial institutions. Multinational Finance Journal, 9(1/2), 72-98. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/3750 |
| publishDate | 2015 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Market response to announcements of mergers of Canadian financial institutionsAintablian, SebouhRoberts, Gordon S.This study examines a sample of mergers of Canadian Financial Institutions during the 1990’s to determine whether in-pillar, cross-pillar and foreign mergers are value-enhancing, and to determine possible sources of synergies behind those mergers. It develops testable hypotheses for Canadian FI mergers by synthesizing prior U.S. tests in the context of Canadian institutional arrangements. The overall results support the generality of findings of prior U.S. studies that the average abnormal return for both the acquiring and target firms is positive and statistically significant. This result suggests that acquisitions in the financial industry are, in Canada as elsewhere, driven by value-maximizing motivations.PublishedN/A2016-05-10T10:58:29Z2016-05-10T10:58:29Z20152016-05-10Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1096-1879http://hdl.handle.net/10725/3750Aintablian, S., & Roberts, G. S. (2005). Market response to announcements of mergers of Canadian financial institutions. Multinational Finance Journal, 9(1/2), 72-98.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttp://papers.ssrn.com/sol3/papers.cfm?abstract_id=2625110enMultinational Finance Journalinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/37502021-03-19T09:10:06Z |
| spellingShingle | Market response to announcements of mergers of Canadian financial institutions Aintablian, Sebouh |
| status_str | publishedVersion |
| title | Market response to announcements of mergers of Canadian financial institutions |
| title_full | Market response to announcements of mergers of Canadian financial institutions |
| title_fullStr | Market response to announcements of mergers of Canadian financial institutions |
| title_full_unstemmed | Market response to announcements of mergers of Canadian financial institutions |
| title_short | Market response to announcements of mergers of Canadian financial institutions |
| title_sort | Market response to announcements of mergers of Canadian financial institutions |
| url | http://hdl.handle.net/10725/3750 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2625110 |