Bank mergers and components of risk: An evaluation |
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| Authors: | Suchismita Mishra Arun J Prakash Gordon V Karels Manferd Peterson |
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| Institution: | (1) Florida International University, 33199 Miami, FL;(2) University of Nebraska-Lincoln, 68588 Lincoln, NE |
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| Abstract: | The present study empirically examines the contribution of the acquired banks in only the nonconglomerate types of mergers
(i.e., banks with banks), where the bulk of the payment is in the form of equity to the acquiring bank and finds overwhelmingly
statistically significant evidence that nonconglomerate types of mergers definitely reduce the total as well as the unsystematic
risk while having no statistically significant effect on systematic risk. Therefore, it seems that diversification may be
a possible motive for bank mergers. |
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