Title :
The wealth effects of global acquisition announcements by Canadian banks
Author :
Bessler, Wolfgang ; Murtagh, James P.
Author_Institution :
Center for Finance & Banking, Justus-Liebig-Univ., Giessen, Germany
fDate :
6/23/1905 12:00:00 AM
Abstract :
This study investigates the stock market reactions to acquisition announcements of wealth management targets by Canadian banks between January 1998 and June 2001. Our findings indicate that in wealth management the foreign acquisitions created shareholder value while domestic targets did not. Thus, globalization may offer additional value in banking
Keywords :
banking; insurance; management; stock markets; Canadian banks; acquisition announcements; foreign acquisitions; globalization; insurance targets; shareholder value creation; stock market reactions; technology targets; wealth management targets; Banking; Corporate acquisitions; Finance; Financial management; Globalization; IEEE news; Investments; Job shop scheduling; Stock markets; Technology management;
Conference_Titel :
Change Management and the New Industrial Revolution, 2001. IEMC '01 Proceedings.
Conference_Location :
Albany, NY
Print_ISBN :
0-7803-7260-3
DOI :
10.1109/IEMC.2001.960566
