DocumentCode
1725161
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
fYear
2001
fDate
6/23/1905 12:00:00 AM
Firstpage
371
Lastpage
376
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Change Management and the New Industrial Revolution, 2001. IEMC '01 Proceedings.
Conference_Location
Albany, NY
Print_ISBN
0-7803-7260-3
Type
conf
DOI
10.1109/IEMC.2001.960566
Filename
960566
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