IDEAS home Printed from https://ideas.repec.org/a/mes/eaeuec/v62y2024i5p603-632.html
   My bibliography  Save this article

Debt-Fueled Acquisitions by Non-Financial Firms Employing Bank-Associated Officers in Poland

Author

Listed:
  • Dmytro Osiichuk
  • Paweł Mielcarz

Abstract

Firms employing former or incumbent members of management and supervisory boards of commercial banks exhibit higher acquisitiveness. The presence of bank-associated officers increases firms’ proclivity to engage in serial, cross-industry, and cross-border acquisitions. Firms employing bank-associated officers buy targets with lower complementarity. They are also significantly more likely to settle transactions in cash, especially their first acquisition. While all firms experience acquisition-related increases in leverage, the latter is higher in firms employing bank-associated officers, particularly those associated with state-owned banks. Acquisitions completed by banker-employing firms record lower short-term shareholder returns than the remainder of the research sample.

Suggested Citation

  • Dmytro Osiichuk & Paweł Mielcarz, 2024. "Debt-Fueled Acquisitions by Non-Financial Firms Employing Bank-Associated Officers in Poland," Eastern European Economics, Taylor & Francis Journals, vol. 62(5), pages 603-632, September.
    • Handle: RePEc:mes:eaeuec:v:62:y:2024:i:5:p:603-632
    DOI: 10.1080/00128775.2023.2176321
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00128775.2023.2176321
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00128775.2023.2176321?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    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:mes:eaeuec:v:62:y:2024:i:5:p:603-632. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MEEE20 .

    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.