Toggle Main Menu Toggle Search

Open Access padlockePrints

Impact of Financial Crisis on Banking Acquisitions: A Look at Shareholder Wealth

Lookup NU author(s): Dr Rekha Nicholson

Downloads

Full text for this publication is not currently held within this repository. Alternative links are provided below where available.


Abstract

This paper examines the influence of the 2007–08 financial crisis on value creation for acquirer’s shareholders in the banking industry using a sample of 883 deals over 2004–12. Applying an exploratory and top-down approach, banking acquisitions are considered at the global level, narrowing the analysis step by step to consider domestic versus cross-border acquisitions. Then cross-border deals are split based on the economic development of the acquirer and target countries. It is observed that only acquisitions involving emerging-economy acquirers and developed-economy targets generate positive and significant returns to shareholders after the crisis. Major changes in the global acquisition landscape are also observed since 2007, with emerging-economy banks increasing their acquisition activity, both nationally and internationally.


Publication metadata

Author(s): Rao-Nicholson R, Salaber J

Publication type: Article

Publication status: Published

Journal: International Journal of the Economic of Business

Year: 2015

Volume: 22

Issue: 1

Pages: 87-117

Print publication date: 21/01/2015

Online publication date: 21/01/2015

Acceptance date: 21/01/2015

ISSN (print): 1357-1516

ISSN (electronic): 1466-1829

Publisher: Routledge

URL: http://dx.doi.org/10.1080/13571516.2014.982901

DOI: 10.1080/13571516.2014.982901


Altmetrics

Altmetrics provided by Altmetric


Actions

Find at Newcastle University icon    Link to this publication


Share