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.…
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Date:
August 2018
Creator:
Liu, Shiang
Partner:
UNT Libraries