Punished banks' acquisitions: Evidence from the U.S. banking industry
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DOI: 10.1016/j.jcorpfin.2019.07.014
Abstract: We study whether formal enforcement actions, imposed on U.S. banks during 2000–2014 for serious financial safety and internal control problems, affect the probability that punished banks become targets of mergers and acquisitions (M&As). We find… read more here.
Keywords: finance; evidence banking; banks acquisitions; banking industry ... See more keywords