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Learning by Observing: Information Spillovers in the Execution and Valuation of Commercial Bank M&As
16 references·16 citing·44 second hopsampled
Learning by Observing: Information Spillovers in the Execution and Valuation of Commercial Bank M&As (2007)Learning by Observing: Information Spillo…Stock Valuation and Learning about Profitability (2003)Stock Valuation and Learning …Stockholder gains from focusing versus diversifying bank mergers (2001)Stockholder gains from focusi…Learning to Be Overconfident (2001)Learning to Be OverconfidentThe consolidation of the financial services industry: Causes, consequences, and implications for the future (1999)The consolidation of the fina…Localization of Knowledge and the Mobility of Engineers in Regional Networks (1999)Localization of Knowledge and…The effects of bank mergers and acquisitions on small business lending (1998)The effects of bank mergers a…Diversification, Size, and Risk at Bank Holding Companies (1997)Diversification, Size, and Ri…The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly (1992)The Post-Merger Performance o…Does Corporate Performance Improve After Mergers? (1990)Does Corporate Performance Im…Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…The market for corporate control (1983)The market for corporate cont…Issues in Assessing the Contribution of Research and Development to Productivity Growth (1979)Issues in Assessing the Contr…The Economic Implications of Learning by Doing (1971)The Economic Implications of …The Economic Implications of Learning by Doing (1962)The Economic Implications of …Information Flows Among Rivals and Corporate Investment (2019)Information Flows Among Rival…Impression Offsetting as an Early Warning Signal of Low CEO Confidence in Acquisitions (2018)Impression Offsetting as an E…Selling Failed Banks (2017)Selling Failed BanksEstimation of potential gains from bank mergers: A novel two-stage cost efficiency DEA model (2017)Estimation of potential gains…Enhancing performance of cross-border mergers and acquisitions in developed markets: The role of business ties and technological innovation capability (2017)Enhancing performance of cros…Estimating the degree of operating efficiency gains from a potential bank merger and acquisition: A DEA bootstrapped approach (2013)Estimating the degree of oper…The vicarious wisdom of crowds: toward a behavioral perspective on investor reactions to acquisition announcements (2012)The vicarious wisdom of crowd…The relationship between net interest margin and noninterest income using a system estimation approach (2012)The relationship between net …How Much Did Banks Pay to Become Too-Big-To-Fail and to Become Systemically Important? (2011)How Much Did Banks Pay to Bec…The value of board diversity in banking: evidence from the market for corporate control (2010)The value of board diversity …The impact of off-balance-sheet activities on banks returns: An application of the ARCH-M to Canadian data (2010)The impact of off-balance-she…Emerging themes in banking: Recent literature and directions for future research (2010)Emerging themes in banking: R…M&A Operations and Performance in Banking (2009)M&A Operations and Performanc…Investor protection and the value effects of bank merger announcements in Europe and the US (2007)Investor protection and the v…Evaluating the real effect of bank branching deregulation: Comparing contiguous counties across US state borders (2007)Evaluating the real effect of…The Performance of Internet-Based Business Models: Evidence from the Banking Industry (2003)The Performance of Internet-B…Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders (1996)New Evidence and Perspectives on Mergers (2001)Factors Affecting the Cost of Airplanes (1936)Technical Change and the Aggregate Production Function (1957)Rational Expectations and the Theory of Price Movements (1961)Increasing Returns and Long-Run Growth (1986)On the mechanics of economic development (1988)Endogenous Technological Change (1989)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)The diffusion of innovations (1983)Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations (1993)Knowledge of the Firm and the Evolutionary Theory of the Multinational Corporation (1993)Deconstructing clusters: chaotic concept or policy panacea? (2002)Chapter 49 Evidence on the nature and sources of agglomeration economies (2004)Mobility of skilled workers and co-invention networks: an anatomy of localized knowledge flows (2009)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Agency Theory: An Assessment and Review (1989)A Survey of Corporate Governance (1997)Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Hubris Hypothesis of Corporate Takeovers (1986)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Continuous Auctions and Insider Trading (1985)Noise Trader Risk in Financial Markets (1990)Investor Psychology and Security Market Under‐ and Overreactions (1998)Chapter 18 A survey of behavioral finance (2003)The Adaptive Markets Hypothesis (2004)Investor attention, overconfidence and category learning (2006)Growth in Cities (1992)International R&D spillovers (1995)Sources, Procedures, and Microeconomic Effects of Innovation (2000)The Origins of Endogenous Growth (1994)The Economic Performance of Regions (2003)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1962The Economic Implications of Learning by Doing7,200 cited
  • 1971The Economic Implications of Learning by Doing6,605 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1979Issues in Assessing the Contribution of Research and Development to Productivity Growth4,228 cited
  • 1983The market for corporate control4,145 cited
  • 1999Localization of Knowledge and the Mobility of Engineers in Regional Networks2,565 cited
  • 1990Do Managerial Objectives Drive Bad Acquisitions?1,912 cited
  • 2001Learning to Be Overconfident1,664 cited
  • 1990Does Corporate Performance Improve After Mergers?1,662 cited
  • 1999The consolidation of the financial services industry: Causes, consequences, and implications for the future1,480 cited
  • 1992The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly1,199 cited
  • 1997Diversification, Size, and Risk at Bank Holding Companies1,092 cited
  • 2003Stock Valuation and Learning about Profitability1,002 cited
  • 1998The effects of bank mergers and acquisitions on small business lending

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825 cited
  • 2001Stockholder gains from focusing versus diversifying bank mergers590 cited
  • Cited by

    • 2007Evaluating the real effect of bank branching deregulation: Comparing contiguous counties across US state borders262 cited
    • 2003The Performance of Internet-Based Business Models: Evidence from the Banking Industry176 cited
    • 2019Information Flows Among Rivals and Corporate Investment175 cited
    • 2012The relationship between net interest margin and noninterest income using a system estimation approach175 cited
    • 2012The vicarious wisdom of crowds: toward a behavioral perspective on investor reactions to acquisition announcements172 cited
    • 2011How Much Did Banks Pay to Become Too-Big-To-Fail and to Become Systemically Important?161 cited
    • 2017Selling Failed Banks155 cited
    • 2017Enhancing performance of cross-border mergers and acquisitions in developed markets: The role of business ties and technological innovation capability133 cited
    • 2013Estimating the degree of operating efficiency gains from a potential bank merger and acquisition: A DEA bootstrapped approach132 cited
    • 2007Investor protection and the value effects of bank merger announcements in Europe and the US108 cited
    • 2010The impact of off-balance-sheet activities on banks returns: An application of the ARCH-M to Canadian data101 cited
    • 2010The value of board diversity in banking: evidence from the market for corporate control97 cited
    • 2009M&A Operations and Performance in Banking94 cited
    • 2017Estimation of potential gains from bank mergers: A novel two-stage cost efficiency DEA model88 cited
    • 2010Emerging themes in banking: Recent literature and directions for future research81 cited
    • 2018Impression Offsetting as an Early Warning Signal of Low CEO Confidence in Acquisitions79 cited