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Beschreibung
This book offers a comprehensive analysis of the shareholder wealth effects of the financial sector consolidation in the Asia-Pacific region and its impact on the acquirer's cost of debt. By not only examining the capital market reactions to the institutions directly involved in M&A transactions, but also their closest rivals, it is possible to draw clearer conclusions in regard to the overall success of the financial sector consolidation in this region. In addition, by investigating the acquiring institution's CDS market reaction to merger announcements, valuable insights are offered in regard to the difference between equity and debt market perceptions of bank M&As. The analyses suggest that equity and debt markets consider different factors when evaluating the success of mergers.
This book offers a comprehensive analysis of the shareholder wealth effects of the financial sector consolidation in the Asia-Pacific region and its impact on the acquirer's cost of debt. By not only examining the capital market reactions to the institutions directly involved in M&A transactions, but also their closest rivals, it is possible to draw clearer conclusions in regard to the overall success of the financial sector consolidation in this region. In addition, by investigating the acquiring institution's CDS market reaction to merger announcements, valuable insights are offered in regard to the difference between equity and debt market perceptions of bank M&As. The analyses suggest that equity and debt markets consider different factors when evaluating the success of mergers.
Inhaltsverzeichnis
Contents: Bank mergers and acquisitions in the Asia-Pacific region Shareholder wealth effects of the consolidation process Impact of bank mergers on the acquirers cost of debt.
Details
Erscheinungsjahr: 2015
Fachbereich: Wirtschaft International
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Titelzusatz: An investigation of the shareholder wealth effects of the financial sector consolidation and its impact on the acquirer's cost of debt
Reihe: Corporate Finance and Governance
Inhalt: Kartoniert / Broschiert
ISBN-13: 9783631670545
ISBN-10: 3631670540
Sprache: Englisch
Herstellernummer: 267054
Einband: Kartoniert / Broschiert
Autor: Kolaric, Sascha
Auflage: 1. Auflage
Hersteller: Peter Lang
Corporate Finance and Governance
Verantwortliche Person für die EU: Lang, Peter GmbH, Gontardstr. 11, D-10178 Berlin, r.boehm-korff@peterlang.com
Maße: 210 x 148 x 11 mm
Von/Mit: Sascha Kolaric
Erscheinungsdatum: 16.11.2015
Gewicht: 0,254 kg
Artikel-ID: 104068265