Thesis (Ph. D.)--University of Missouri-Columbia, 2004. / Typescript. Vita. Includes bibliographical references (leaves 107-112). Also available on the Internet.

Thesis (Ph. D.)--University of Missouri-Columbia, 2004. / Typescript. Vita. Includes bibliographical references (leaves 107-112). Also available on the Internet.

Thesis--University of Wisconsin--Madison. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references (leaves 329-346).

Zugl.: Tübingen, Univ., Diss., 2008

Zugl.: Tübingen, Universiẗat, Diss., 2008.

Thesis (Ph. D.)--University of Wisconsin--Madison, 1973. / Typescript. Vita. Includes bibliographical references.

No description available.

We use logistic analysis to predict the probability of making non-programmed merger in a data sample of 45 US banks. Non-programmed merger is the merger that happens next to the subject merger but has at least three years apart from the subject merger. We apply logistic regression of the occurrence of the non-programmed merger on main characteristics of the subject merger. We first examine the effects of each of three explanatory variables, which are firstly abnormal return around the approved date, secondly hubris management hidden in the subject merger, and thirdly the value of asset acquired, on the dependent variable. We then try to find the best prediction model by controlling some variables both confounding and rescaling. Our final prediction model shows that the probability of making a next merger at least three year after the subject merger will significantly decrease if there is abnormal return realized in the subject merger. On the other hand, using event study methodology to search for the abnormal return of the acquirer's stock price around the approved date, we prove that the information of FDIC s' merger decision is not totally confidential to public and has significant impact on the stock price of the acquirer

European Business School, 2005--Oestrich-Winkel.

This thesis examines the impact of policy-induced consolidation on banks' performance. The Nigerian bank consolidation of 2004/5 was one of the regulatory reforms initiated by the Central Bank of Nigeria (CBN) to tackle the country's deteriorating and weak banking sector by increasing the equity capital of banks and with the aim of making the banks more robust and resilient to shocks. This study utilises Impact evaluation technique to measure the effect of the policy intervention in the banking market, using the data of the Nigeria banks and banking industry from 2000 to 2010. Banks' performance were analysed based on eight performance indicators that served as bench marks with which the degree of success of bank consolidation policy were measured. The eight indicators are thus tied to the policy objectives which primarily are to enhance the bank's profitability, efficiency and riskiness. The measure of change in bank performance post-policy provides some informative evidence about the impact of the policy intervention. Methods of assessment therefore measure the change in performance of the banks (broadly classified into 3 distinct groups based on their mode of consolidation) in the post-policy period and compare it with their pre-policy performance, examining the trends and changes and making inferences based on appropriate statistical tests. Our analysis provides evidence that the policy-induced consolidation through bank recapitalisation has significant impact on most of the banks' performances. We find that policy effect on banks' performance is mixed; while some outcomes are in accordance with the policy objectives of enhancing profitability, efficiency and riskiness of the banks, others are contrary to the objectives. Some results also suggest that the policy did not have significant effect on the banks' performance. The research findings underscore the importance of time in measuring 3 performance change, as well as mode of consolidation, as they influence bank performance and determine the extent to which possible gain from consolidation would be realised and by extension the policy objectives achieved. This is because, apart from mode of consolidation, the policy effects on bank's performances were found to be largely affected by time, that is, whether the assessment is short term or medium term. For instance, the effect of the policy in all the banking group's risk performance indicators within the first two years (short-term) post-policy, was found to be positive (improved), while the policy effect changed significantly and adversely when the measurement was extended to five years post-policy period (medium term). Similarly, our results indicate that the policy effects on the banking group's performances differ substantially. Other factors also shown to influence the policy effects on banks' performances include: bank ownership, size and the number of banking firms in a consolidated bank. However, we find strong evidence that contrary to the general notion that bank consolidation leads to concentration of market, Nigeria policy-induced bank consolidation did not result in concentrated market rather it lowered banking market concentration, because it created relatively equal-sized banks in the post-policy period. Also we are able to distinguish in our analysis between the changes in banks performance that were as a result of the policy from the changes that would have occurred anyway, by estimating the change in performance in the post-policy as a result of persistence of banks performance in the pre-policy period, and this was found to be positive and statistically significant especially for the standalone and the merged group's profit returns.