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Full-Text Articles in Business
What Drives U.S. Banking Mergers: Misvaluation, Gambling Or Envy?, Wenjia Zhang
What Drives U.S. Banking Mergers: Misvaluation, Gambling Or Envy?, Wenjia Zhang
Theses and Dissertations in Business Administration
The thesis consists of three essays that examine whether U.S. bank mergers are motivated by market inefficiency and managerial psychology biases. Essay I investigates equity misvaluation as a possible driver for United States banking mergers from the perspective of market inefficiency, and finds that bidders tend to use overvalued equity to buy undervalued targets. Essay II, motivated by the cumulative prospect theory of Tversky and Kahneman (1992), tests whether managerial gambling attitudes are linked with lottery characteristics of target banks (i.e., high skewness, high volatility, and low price). The evidence shows that banking acquisitions are influenced by gambling attitudes rooted …
Evidence On Banking Efficiency: An Analysis Of Financial Intermediation In Mexico, Violeta Diaz Avilez
Evidence On Banking Efficiency: An Analysis Of Financial Intermediation In Mexico, Violeta Diaz Avilez
Theses and Dissertations - UTB/UTPA
In the last two decades, financial systems in many developing countries became globalized. Mexico presents a clear example of how globalization can change the financial structure of a country. The banking sector in Mexico, as in many other developing countries, experienced periods of expropriation by the Federal government, privatization of banks without foreign intervention, and liberalization of foreign participation in bank ownership during this period. However, only in a few other cases has the rise in foreign participation been more dramatic than in Mexico.
These changes undoubtedly impacted the banking sector’s development and performance. The purpose of this dissertation is …
Effective Valuation Method Of Toxic Assets And Their Influence On Banks’ Financial Statements, Morgan Logue
Effective Valuation Method Of Toxic Assets And Their Influence On Banks’ Financial Statements, Morgan Logue
Undergraduate Theses and Capstone Projects
The crash of the housing market caused risky home loans and mortgage backed securities to be worth almost nothing; this not only drastically decreased national banks’ net income but also devastated the United States’ economy. The United States Treasury Department believes that they have found a $700 billion solution to the United States’ financial crisis. The Public- Private Investment Program (P-PIP), which is a part of the Troubled Asset Relief Program (TARP), plans on clearing toxic assets from national banks’ balance sheets through auctions. Two main concerns that affect the end results of this auction is how to motivate banks …