Comment on Handlock, Houston, and Ryngaert
نویسنده
چکیده
Over the past two decades, researchers in industrial organization in corporate ®nance have examined relationships between ``corporate governance'' and ``®rm performance''. In an interesting and provocative paper, Charles Hadlock, Joel Houston, and Michael Ryngaert analyze the impact of proxies for corporate governance, managerial incentives, and performance on the likelihood of a bankÕs being acquired. Given the pace of activity in the bank acquisition market and concern in some quarters about consolidation in the US banking industry, the authorsÕ study is timely. After reviewing the key points in the paper, my comment proceeds in three steps. First, I place the authorsÕ empirical approach in the context of recent work on equilibrium models of corporate performance. Second, I use that intuition to suggest ways to design and interpret tests of relationships among bank governance, performance, and acquisitions. Third, I suggest some ``next steps'' in the empirical research programs initiated by the authors. While many extensions are possible, the paper nonetheless is a nice contribution to our understanding of how managerial incentives aect bank acquisitions. Journal of Banking & Finance 23 (1999) 250±254
منابع مشابه
Neighborhood matters: Response to EZH2 methyltransferase inhibitors
Neighborhood matters: Response to EZH2 methyltransferase inhibitors Comment on: Amatangelo MD, et al. Cell Cycle 2013; 12:2113–9; PMID:23759589; http://dx.doi.org/10.4161/cc.25163 Kshipra M Gharpure and Anil K Sood*; Department of Gynecologic Oncology; The University of Texas MD Anderson Cancer Center; Houston, TX USA; Center for RNA Interference and Non-Coding RNAs; The University of Texas MD ...
متن کاملSizing up circulating tumor cells for personalized therapy
Neighborhood matters: Response to EZH2 methyltransferase inhibitors Comment on: Amatangelo MD, et al. Cell Cycle 2013; 12:2113–9; PMID:23759589; http://dx.doi.org/10.4161/cc.25163 Kshipra M Gharpure and Anil K Sood*; Department of Gynecologic Oncology; The University of Texas MD Anderson Cancer Center; Houston, TX USA; Center for RNA Interference and Non-Coding RNAs; The University of Texas MD ...
متن کامل“Naked” FACT is unstable
Neighborhood matters: Response to EZH2 methyltransferase inhibitors Comment on: Amatangelo MD, et al. Cell Cycle 2013; 12:2113–9; PMID:23759589; http://dx.doi.org/10.4161/cc.25163 Kshipra M Gharpure and Anil K Sood*; Department of Gynecologic Oncology; The University of Texas MD Anderson Cancer Center; Houston, TX USA; Center for RNA Interference and Non-Coding RNAs; The University of Texas MD ...
متن کاملW5: Children and Anxiety
It is estimated that 8-22% of children and adolescents experience anxiety during their childhood. Different forms of anxiety, such as social anxiety, separation anxiety, etc. may affect the normal life of children and influence their mental health through their life. Some anxious children will grow out of their problems, but others will keep having trouble with anxiety unless they get professio...
متن کامل