%0 Journal Article
%T The Long-Run Performance of Asian Commercial Bank Mergers and Acquisition
%A Sue-Fung Wang
%A Yi-Cheng Shih
%A Pei-Lung Lin
%J Modern Economy
%P 341-359
%@ 2152-7261
%D 2014
%I Scientific Research Publishing
%R 10.4236/me.2014.54034
%X <p style=\"text-align:justify;\" class=\"MsoNormal\">
	<span style=\"font-family:Verdana;\" lang=\"EN-US\">In this paper, we investigate the long-run post-merger performance of Asian acquiring bank by using 293 deals in the 1997-2007 periods. We find the Asian acquiring banks experience negative long-term abnormal returns and are not efficiency improving, followed by mergers and acquisition. However, DeYoung, Evanoff and Molyneux </span><span lang=\"TR\"><span style=\"font-family:Verdana;\" lang=\"EN-US\">[1]</span><span lang=\"EN-US\"></span></span><span lang=\"EN-US\"><span style=\"font-family:Verdana;\"> find European bank mergers appear to have resulted in both efficiency gains and stockholder value enhancement and North American bank mergers are efficiency improving, although the event-study literature presents a mixed picture regarding stockholder wealth creation. Therefore, our empirical results show that the long-run stock returns and operating performance of Asian commercial bank mergers are different from those of the US and EU markets. In general, the long-run stock performance and operating performance of Asian commercial bank merger and Acquisition are negative and Asian commercial bank merger and Acquisition cannot create synergy in the long run.</span></span> 
</p>
%K Asian Bank Mergers and Acquisition
%K Long-Run Stock Performance
%K Long-Run Operating Performance
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=44796