UNT Theses and Dissertations - 2 Matching Results

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Do Banks' Dividends Signal Their Financial Health?

Description: This paper examines the relation between banks' dividends and their future financial health. Using banks' Nonperforming Loans Ratio, Loan Loss Provision Ratio, and Z-score as proxies for their financial health, I show that there is a strong positive relation between banks' dividends lagged by one quarter and their financial health in the current quarter. This main finding continues to hold following several additional tests, including the application of an instrumental variable approach, the us… more
Date: August 2018
Creator: Zheng, Yi
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
open access

An Investigation of the Value of Bank Capital in the Context of Mergers and Acquisitions in the Banking Industry

Description: I analyzed a sample of 228 U.S. bank acquisitions announced from January 1996 to December 2015. This dissertation explores whether acquiring banks pay more for targets with a higher capital ratio using a better measure of goodwill than previous studies. Specifically, this study uses manually collected goodwill to evaluate the value of bank capital, a measure that I argue is superior to those used in prior studies. I collect information about goodwill for 203 merger and acquisition (M&A) deals.… more
Date: August 2018
Creator: Liu, Shiang
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
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