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Accounting for Distress in Bank Mergers
2005
Social Science Research Network
The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the regulatory intervention history to distinguish between distressed and non-distressed mergers. We find that, among merging banks, distressed banks had the worst profiles and acquirers perform somewhat better than targets. However, both distressed and
doi:10.2139/ssrn.811525
fatcat:ywipog2jszbflknecg2xotdvce