Matches in SemOpenAlex for { <https://semopenalex.org/work/W1590805618> ?p ?o ?g. }
- W1590805618 abstract "This study examines how interest rates and interest-rate exposures affect the level of acquisition activity, the identities of targets and acquirers, and the pricing of acquisitions in the banking industry. Using a sample of 477 large mergers from 1980 to 1994, we find that the level of acquisition activity is more negatively correlated with interest rates and more positively correlated with yield curve spreads for banks than for non-banks. Although we find that targets and acquirers have significantly different interest-rate exposures, we find little evidence that one group is consistently better or worse positioned, ex post, for various interest-rate environments. Finally, we find evidence that merger pricing is a function of the interest-rate environment, with acquirers paying higher prices and earning lower returns when rates are lower (and when more deals are announced). This paper was presented at the Financial Institutions Center's October 1996 conference on " @default.
- W1590805618 created "2016-06-24" @default.
- W1590805618 creator A5001111989 @default.
- W1590805618 creator A5072844813 @default.
- W1590805618 creator A5086759314 @default.
- W1590805618 date "1996-12-01" @default.
- W1590805618 modified "2023-09-27" @default.
- W1590805618 title "Interest Rate Exposure and Bank Mergers: A Preliminary Empirical Analysis" @default.
- W1590805618 cites W1538946920 @default.
- W1590805618 cites W1567308541 @default.
- W1590805618 cites W1567560599 @default.
- W1590805618 cites W1984272629 @default.
- W1590805618 cites W1986997748 @default.
- W1590805618 cites W1993045748 @default.
- W1590805618 cites W1996594817 @default.
- W1590805618 cites W1998656105 @default.
- W1590805618 cites W2019222975 @default.
- W1590805618 cites W2022480150 @default.
- W1590805618 cites W2041356088 @default.
- W1590805618 cites W2043619364 @default.
- W1590805618 cites W2051570131 @default.
- W1590805618 cites W2062396344 @default.
- W1590805618 cites W2071511656 @default.
- W1590805618 cites W2081405362 @default.
- W1590805618 cites W2082282609 @default.
- W1590805618 cites W2084775037 @default.
- W1590805618 cites W2086836496 @default.
- W1590805618 cites W2101718392 @default.
- W1590805618 cites W2120559424 @default.
- W1590805618 cites W2128778916 @default.
- W1590805618 cites W2134831632 @default.
- W1590805618 cites W2150598666 @default.
- W1590805618 cites W2154401967 @default.
- W1590805618 cites W2171092826 @default.
- W1590805618 cites W3121128947 @default.
- W1590805618 cites W3121485139 @default.
- W1590805618 cites W3121675445 @default.
- W1590805618 cites W3122808314 @default.
- W1590805618 cites W3124249789 @default.
- W1590805618 cites W3125496211 @default.
- W1590805618 cites W3143311134 @default.
- W1590805618 hasPublicationYear "1996" @default.
- W1590805618 type Work @default.
- W1590805618 sameAs 1590805618 @default.
- W1590805618 citedByCount "3" @default.
- W1590805618 countsByYear W15908056182014 @default.
- W1590805618 crossrefType "posted-content" @default.
- W1590805618 hasAuthorship W1590805618A5001111989 @default.
- W1590805618 hasAuthorship W1590805618A5072844813 @default.
- W1590805618 hasAuthorship W1590805618A5086759314 @default.
- W1590805618 hasConcept C10138342 @default.
- W1590805618 hasConcept C111472728 @default.
- W1590805618 hasConcept C134121241 @default.
- W1590805618 hasConcept C138885662 @default.
- W1590805618 hasConcept C144133560 @default.
- W1590805618 hasConcept C162324750 @default.
- W1590805618 hasConcept C166052673 @default.
- W1590805618 hasConcept C175025494 @default.
- W1590805618 hasConcept C176230804 @default.
- W1590805618 hasConcept C185592680 @default.
- W1590805618 hasConcept C191897082 @default.
- W1590805618 hasConcept C192562407 @default.
- W1590805618 hasConcept C198531522 @default.
- W1590805618 hasConcept C43617362 @default.
- W1590805618 hasConcept C548217281 @default.
- W1590805618 hasConcept C556758197 @default.
- W1590805618 hasConceptScore W1590805618C10138342 @default.
- W1590805618 hasConceptScore W1590805618C111472728 @default.
- W1590805618 hasConceptScore W1590805618C134121241 @default.
- W1590805618 hasConceptScore W1590805618C138885662 @default.
- W1590805618 hasConceptScore W1590805618C144133560 @default.
- W1590805618 hasConceptScore W1590805618C162324750 @default.
- W1590805618 hasConceptScore W1590805618C166052673 @default.
- W1590805618 hasConceptScore W1590805618C175025494 @default.
- W1590805618 hasConceptScore W1590805618C176230804 @default.
- W1590805618 hasConceptScore W1590805618C185592680 @default.
- W1590805618 hasConceptScore W1590805618C191897082 @default.
- W1590805618 hasConceptScore W1590805618C192562407 @default.
- W1590805618 hasConceptScore W1590805618C198531522 @default.
- W1590805618 hasConceptScore W1590805618C43617362 @default.
- W1590805618 hasConceptScore W1590805618C548217281 @default.
- W1590805618 hasConceptScore W1590805618C556758197 @default.
- W1590805618 hasLocation W15908056181 @default.
- W1590805618 hasOpenAccess W1590805618 @default.
- W1590805618 hasPrimaryLocation W15908056181 @default.
- W1590805618 hasRelatedWork W1532163157 @default.
- W1590805618 hasRelatedWork W1617394188 @default.
- W1590805618 hasRelatedWork W2046317136 @default.
- W1590805618 hasRelatedWork W2051814401 @default.
- W1590805618 hasRelatedWork W2109655025 @default.
- W1590805618 hasRelatedWork W2288621357 @default.
- W1590805618 hasRelatedWork W2782213413 @default.
- W1590805618 hasRelatedWork W2801567477 @default.
- W1590805618 hasRelatedWork W2912261028 @default.
- W1590805618 hasRelatedWork W3022397760 @default.
- W1590805618 hasRelatedWork W3122586445 @default.
- W1590805618 hasRelatedWork W3122627944 @default.
- W1590805618 hasRelatedWork W3122992005 @default.
- W1590805618 hasRelatedWork W3123912312 @default.
- W1590805618 hasRelatedWork W3125120365 @default.