IDEAS home Printed from https://ideas.repec.org/a/eee/jbfina/v21y1997i10p1431-1450.html
   My bibliography  Save this article

Acquisitions of solvent thrifts: Wealth effects and managerial motivations

Author

Listed:
  • Gupta, Atul
  • LeCompte, Richard L. B.
  • Misra, Lalatendu

Abstract

No abstract is available for this item.

Suggested Citation

  • Gupta, Atul & LeCompte, Richard L. B. & Misra, Lalatendu, 1997. "Acquisitions of solvent thrifts: Wealth effects and managerial motivations," Journal of Banking & Finance, Elsevier, vol. 21(10), pages 1431-1450, October.
    • Handle: RePEc:eee:jbfina:v:21:y:1997:i:10:p:1431-1450
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378-4266(97)00026-5
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Roll, Richard, 1986. "The Hubris Hypothesis of Corporate Takeovers," The Journal of Business, University of Chicago Press, vol. 59(2), pages 197-216, April.
    2. Dodd, Peter & Warner, Jerold B., 1983. "On corporate governance : A study of proxy contests," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 401-438, April.
    3. Scholes, Myron & Williams, Joseph, 1977. "Estimating betas from nonsynchronous data," Journal of Financial Economics, Elsevier, vol. 5(3), pages 309-327, December.
    4. Berkovitch, Elazar & Narayanan, M. P., 1993. "Motives for Takeovers: An Empirical Investigation," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 28(3), pages 347-362, September.
    5. Sushka, Marie E. & Bendeck, Yvette, 1988. "Bank acquisition and stockholders' wealth," Journal of Banking & Finance, Elsevier, vol. 12(4), pages 551-562, December.
    6. Millon-Cornett, Marcia H. & Tehranian, Hassan, 1989. "Stock market reactions to the depository institutions deregulation and monetary control act of 1980," Journal of Banking & Finance, Elsevier, vol. 13(1), pages 81-100, March.
    7. Gupta, Atul & LeCompte, Richard L. B. & Misra, Lalatendu, 1993. "FSLIC assistance and the wealth effects of savings and loan acquisitions," Journal of Monetary Economics, Elsevier, vol. 31(1), pages 117-128, February.
    8. Baibirer, Sheldon D. & Jud, G. Donald & Lindahl, Frederick W., 1992. "Regulation, competition, and abnormal returns in the market for failed thrifts," Journal of Financial Economics, Elsevier, vol. 31(1), pages 107-131.
    9. Boehmer, Ekkehart & Masumeci, Jim & Poulsen, Annette B., 1991. "Event-study methodology under conditions of event-induced variance," Journal of Financial Economics, Elsevier, vol. 30(2), pages 253-272, December.
    10. Houston, Joel F. & Ryngaert, Michael D., 1994. "The overall gains from large bank mergers," Journal of Banking & Finance, Elsevier, vol. 18(6), pages 1155-1176, December.
    11. Timothy H. Hannan & John D. Wolken, 1989. "Returns to bidders and targets in the acquisition process: evidence from the banking industry," Finance and Economics Discussion Series 64, Board of Governors of the Federal Reserve System (U.S.).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oberg, Christina & Holtstrom, Johan, 2006. "Are mergers and acquisitions contagious?," Journal of Business Research, Elsevier, vol. 59(12), pages 1267-1275, November.
    2. Ingo Vogelsang & Nishal Ramphal & Stephen Carroll & Nicholas Pace, 2007. "An economic analysis of consumer class actions in regulated industries," Journal of Regulatory Economics, Springer, vol. 32(1), pages 87-104, August.
    3. Fatma Cebenoyan & A. Sinan Cebenoyan & Elizabeth S. Cooperman, 2003. "Regulatory Regimes and Takeovers of U.S. Thrifts," Economics Working Paper Archive at Hunter College 303, Hunter College Department of Economics.
    4. Marc Goergen & Luc Renneboog, 2004. "Shareholder Wealth Effects of European Domestic and Cross‐border Takeover Bids," European Financial Management, European Financial Management Association, vol. 10(1), pages 9-45, March.
    5. Atul Gupta & Lalatendu Misra, 2007. "Deal size, bid prremium, and gains in bank mergers: The impact of managerial motivations," Working Papers 0018, College of Business, University of Texas at San Antonio.
    6. Sharma, Abhijit & Raat, Erwin, 2016. "Acquiring control in emerging markets: Foreign acquisitions in Eastern Europe and the effect on shareholder wealth," Research in International Business and Finance, Elsevier, vol. 37(C), pages 153-169.
    7. Atul Gupta & Bently Lalatendu Misra, 2007. "Deal size, bid premium, and gains in bank mergers: The impact of managerial motivations," Working Papers 0004, College of Business, University of Texas at San Antonio.
    8. David Ettinger, 2009. "Takeover Contests, Toeholds and Deterrence," Scandinavian Journal of Economics, Wiley Blackwell, vol. 111(1), pages 103-124, March.
    9. Zulfiquer Ali Haider & Jialong Li & Yefeng Wang & Zhenyu Wu, 2021. "Do Family Firms Have Higher or Lower Deal Valuations? A Contextual Analysis," Entrepreneurship Theory and Practice, , vol. 45(4), pages 709-739, July.
    10. Chikh, Sabrina & Filbien, Jean-Yves, 2011. "Acquisitions and CEO power: Evidence from French networks," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1221-1236.
    11. Jennifer Kunz & Lara Sonnenholzner, 2023. "Managerial overconfidence: promoter of or obstacle to organizational resilience?," Review of Managerial Science, Springer, vol. 17(1), pages 67-128, January.
    12. Kimberly C. Gleason & Ike Mathur & Roy A. Wiggins, III, 2003. "Evidence on Value Creation in the Financial Services Industries through the Use of Joint Ventures and Strategic Alliances," The Financial Review, Eastern Finance Association, vol. 38(2), pages 213-234, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Asimakopoulos, Ioannis & Athanasoglou, Panayiotis P., 2013. "Revisiting the merger and acquisition performance of European banks," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 237-249.
    2. Cowan, Arnold R. & Salotti, Valentina, 2015. "The resolution of failed banks during the crisis: Acquirer performance and FDIC guarantees, 2008–2013," Journal of Banking & Finance, Elsevier, vol. 54(C), pages 222-238.
    3. Gleason, Kimberly & McNulty, James E. & Pennathur, Anita K., 2005. "Returns to acquirers of privatizing financial services firms: An international examination," Journal of Banking & Finance, Elsevier, vol. 29(8-9), pages 2043-2065, August.
    4. Gupta, Atul & Misra, Lalatendu, 2002. "Regulatory learning in failed thrift auctions," Journal of Banking & Finance, Elsevier, vol. 26(4), pages 651-669, April.
    5. Atul Gupta & Lalatendu Misra, 2007. "Deal size, bid prremium, and gains in bank mergers: The impact of managerial motivations," Working Papers 0018, College of Business, University of Texas at San Antonio.
    6. Asimakopoulos, Ioannis & Athanasoglou, Panayiotis & Georgiou, Evangelia, 2005. "The effect of M&A announcement on Greek bank stock returns," MPRA Paper 16450, University Library of Munich, Germany.
    7. Leledakis, George N. & Pyrgiotakis, Emmanouil G., 2022. "U.S. bank M&As in the post-Dodd–Frank Act era: Do they create value?," Journal of Banking & Finance, Elsevier, vol. 135(C).
    8. Craninckx, Katrien & Huyghebaert, Nancy, 2015. "Large shareholders and value creation through corporate acquisitions in Europe. The identity of the controlling shareholder matters," European Management Journal, Elsevier, vol. 33(2), pages 116-131.
    9. Atul Gupta & Bently Lalatendu Misra, 2007. "Deal size, bid premium, and gains in bank mergers: The impact of managerial motivations," Working Papers 0004, College of Business, University of Texas at San Antonio.
    10. Fridolfsson, Sven-Olof & Stennek, Johan, 1999. "Why Mergers Reduce Profits, and Raise Share Prices," Working Paper Series 511, Research Institute of Industrial Economics, revised 03 Dec 2001.
    11. Kiesel, Florian & Ries, Jörg M. & Tielmann, Artur, 2017. "Reprint of “The impact of mergers and acquisitions on shareholders' wealth in the logistics service industry”," International Journal of Production Economics, Elsevier, vol. 194(C), pages 261-277.
    12. Lucrezia Fattobene & Marco Caiffa, 2016. "Sitting on the Board or Sitting on the Throne? Evidence of Boards' Overconfidence from the Italian Market," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 45(2), pages 235-269, July.
    13. repec:aly:journl:201831 is not listed on IDEAS
    14. Patrick Beitel & Dirk Schiereck & Mark Wahrenburg, 2004. "Explaining M&A Success in European Banks," European Financial Management, European Financial Management Association, vol. 10(1), pages 109-139, March.
    15. Neelam Rani & Surendra S Yadav & P.K. Jain, 2015. "Impact of Mergers and Acquisitions on Shareholders’ Wealth in the Short Run: An Event Study Approach," Vikalpa: The Journal for Decision Makers, , vol. 40(3), pages 293-312, September.
    16. Sven-Olof Fridolfsson & Johan Stennek, 2005. "Why Mergers Reduce Profits And Raise Share Prices-A Theory Of Preemptive Mergers," Journal of the European Economic Association, MIT Press, vol. 3(5), pages 1083-1104, September.
    17. Katrien Craninckx & Nancy Huyghebaert, 2011. "Can Stock Markets Predict M&A Failure? A Study of European Transactions in the Fifth Takeover Wave," European Financial Management, European Financial Management Association, vol. 17(1), pages 9-45, January.
    18. Corrado, Charles J. & Truong, Cameron, 2008. "Conducting event studies with Asia-Pacific security market data," Pacific-Basin Finance Journal, Elsevier, vol. 16(5), pages 493-521, November.
    19. Nico Rottke & Dirk Schiereck & Stephan Pauser, 2011. "M&A in the Construction Industry -Wealth Effects of Diversification into Real Estate Life Cycle Related Services," International Real Estate Review, Global Social Science Institute, vol. 14(3), pages 283-310.
    20. Mehrotra, V. & van Schaik, D. & Spronk, J. & Steenbeek, O.W., 2008. "Impact of Japanese Mergers on Shareholder Wealth: An Analysis of Bidder and Target Companies," ERIM Report Series Research in Management ERS-2008-032-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    21. Gupta, Atul & LeCompte, Richard L. B. & Misra, Lalatendu, 1997. "Taxpayer subsidies in failed thrift resolution: The impact of FIRREA," Journal of Monetary Economics, Elsevier, vol. 39(2), pages 327-339, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbfina:v:21:y:1997:i:10:p:1431-1450. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbf .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.