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Determinants of premiums to book value paid in banking mergers.

Publication: International Advances in Economic Research
Publication Date: 01-MAY-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
JEL E00 * E40 * F10 * F30 * G20 * G30

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In this paper the author presents empirical evidence supporting his contention that premiums to book value paid in mergers and acquisitions in the banking industry are more a function of financial market, and macroeconomic factors, any...

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...than individual operating or financial characteristics of the acquiring or target company. Specifically,...

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