We provide a model of the impact of bank mergers on loan competition, individual reserve management and aggregate liquidity risk. Banks hold reserves against liquidity shocks, refinance in the interbank market and compete in a differentiated loan market. A merger creates an internal money market that induces financial cost advantages and may increase reserve holdings. We assess the liquidity ri...

We investigate the shrinking community banking sector and impact on local small business lending (SBL) in context of mergers acquisitions. From all that involved banks, we examine varying SBL depending presence acquirers’ targets’ operations prior to Our results indicate that, relative counties where acquirer had before merger, declined significantly more only target merger. This result holds e...

As an important part of the national political system, government audits play a significant role in supervising and restricting enterprises. Since 2010, National Audit Office China has repeatedly disclosed problems regarding enterprises’ M&A to prevent loss state-owned assets. This study takes listed companies controlled by central enterprises A-shares from 2008 2018 as sample investigate impac...