Interest-Rate Exposure and Bank Mergers
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...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
1999
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