We examine the impact of the international diversification by banks on the value of their advice provided in cross-border merger and acquisition transactions by studying bidder returns and deal performance following 1,708 cross-border M&A deals. We find that bidders engaging a more internationally diversified financial advisor face lower stock price and synergy returns, worse deal operating per...

The paper aims to examine the determinants of profit performance of financial holding companies (FHCs) using panel data for the period 2001–9. The effects of bankspecific ownership structure and dualcore strategy are examined. Our findings show that (1) business diversification, a lower financial cost, a higher liquidity ratio, larger assets, and lower debt ratios can improve the profit perform...

This study isolated the effects of acquisitions on the long term risk-return performance of acquiring firms involved in related and unrelated diversifying acquisitions. Confounding effects of multiple acquisitions were controlled by studying only those firms that were involved in a single major acquisition over a ten year period surrounding the acquisition date. Acquisitions did not improve the...

There have been several efforts in the literature to extract as much information as possible from the financial networks. Most of the research has been concerned about the hierarchical structures, clustering, topology and also the behavior of the market network; but not a notable work on the network filtration exists. This paper proposes a stock market filtering model using the correlation - ba...

This paper aims at examining the impact of income diversification on financial performance. The motivating factor is an occasion by raising pursuance interest activities and fluctuations profitability among banks due to declining stiff competition. Design/methodology/approach – study uses a sample 31 Kenyan data for period 2008-2019. Data analyzed through fixed-effect regression analysis. Findi...

This study examines and analyzes diversification intellectual capital on sustainability performance mediated by financial performance. research was conducted at Sharia Commercial Banks (BUS) in Indonesia, registered with the Otoritas Jasa Keuangan (OJK) for 2011 - 2018, a total sample of 10 Islamic banks that meet criteria according to sampling method used, namely purposive sampling. The data a...