BANK-HOLDING COMPANY MERGERS WITH NONBANK FINANCIAL FIRMS - EFFECTS ON THE RISK OF FAILURE

被引：196

作者：

BOYD, JH ^{[1
]}

GRAHAM, SL ^{[1
]}

HEWITT, RS ^{[1
]}

机构：

[1] UNIV MINNESOTA,MINNEAPOLIS,MN 55455

来源：

JOURNAL OF BANKING & FINANCE | 1993年 / 17卷 / 01期

关键词：

D O I：

10.1016/0378-4266(93)90079-S

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

An important issue in the debate over whether bank holding companies (BHCs) should be permitted to enter nonbanking activities is the effect of expanded nonbanking powers on BHC risk. We test this issue empirically by simulating mergers between BHCs and firms in nonbanking financial industries, calculating risk measures for the hypothetical merged firms, and comparing their risk characteristics with those of actual unmerged BHCs. We find that mergers of BHCs with life insurance or property/casualty insurance firms may reduce risk, but that mergers of BHCs with securities firms or real estate firms would likely increase risk.

引用

页码：43 / 63

页数：21

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