Regulatory Arbitrage and Cross-Border Bank Acquisitions

We study how differences in bank regulation influence cross-border bank acquisition flows and share price reactions to cross-border deal announcements. Using a sample of 7,297 domestic and 916 majority cross-border deals announced between 1995 and 2012, we find evidence of a form of "regulatory...

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Veröffentlicht in:	The Journal of finance (New York) 2015-12, Vol.70 (6), p.2395-2450
Hauptverfasser:	KAROLYI, G. ANDREW, TABOADA, ALVARO G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Abnormal returns Acquisition Announcements Arbitrage Bank acquisitions & mergers Borders Cross border transactions International finance Regulation of financial institutions Studies
Online-Zugang:	Volltext
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