Bank Acquisition Announcements And Intra-Industry Effects

In this paper we attempt to assess whether gains in wealth associated with bank consolidation are the result of economic efficiencies by analyzing effects of bank merger announcements on the values of bidders, targets, and rival banks in the target’s geographical area.  We find target banks earn positive returns, while bidding banks sustain negative returns at acquisition announcement. These findings are consistent with previously reported results in the bank consolidation literature.  We also find rival banks earn positive returns that are enhanced when the target bank is in distress. We suggest the results are consistent with the view that investors interpret acquisition announcements as positive, geographically specific signals that may, in turn, reflect event-specific or bank-specific characteristics rather than expectations of increased efficiencies

Consolidation, Concentration, And Valuation In The Banking Industry

We assess whether gains in wealth associated with bank consolidation are the result of reduced competition by examining effects of merger announcements on values of bidders, targets and rivals. The results suggest that gains in wealth are not due to increases in market power at the level of individual banks. Specifically, we find that returns to bidders, targets and rivals are unrelated to the effects of mergers on concentration

Los Mercados Financieros

En este documento el lector encontrará una visión general y un punto de partida sobre el funcionamiento de los mercados financieros de dinero y capitales, abordando la teoría en cuanto a la estructura y funcionamiento del sistema de valores intercambiario, además de aspectos como la psicología de sus participantes y la actualidad de algunos de los mercados muy poco desarrollados como el caso de los latinoamericanos. Estos aspectos hacen parte del contexto de inversión en los mercados, e inherentemente permiten la evolución y el desarrollo de los mismos. Los mercados financieros permiten evidenciar la salud económica de un país desde diferentes puntos de vista, por lo cual se aborda de una manera sintetizada, los diferentes instrumentos y mercados en los cuales los inversionistas participan con el fin de buscar rentabilidad porcentual. El mercado accionario, el mercado de derivados y el mercado de bonos de deuda, abarcan gran parte de la población de inversionistas y especuladores que se encuentran activos hoy en día; esto permite un grado de liquidez importante, posicionándolos como una alternativa indispensable para las personas que busquen rentabilidad por medio de los mercados financieros y se encuentren en un proceso de acercamiento hacia este vasto mundo.In this document the reader will find an overview and a starting point on the functioning of the capital and money financial markets, addressing the theory as to the structure and operation of the value exchange system, as well as aspects such as the psychology of its participants and the current situation of some of the very underdeveloped markets such as the case of Latin Americans. These aspects made part of the context of investment in the markets, and inherently allow the evolution and development of them. Financial markets shows the economic health of a country from different points of view. The different instruments and markets in which investors participate in order to find percentage profitability are discussed in a synthesized way. The stock market, the derivatives market and the debt bond market comprise a large part of the population of investors and speculators who are active today; This allows an important degree of liquidity, positioning them as an indispensable alternative for people who seek profitability through the financial markets and are in a process of approach to this vast world

How to Establish a Supportive Research Administration Ecosystem for Remote Work During and Post COVID-19

The emergence of the novel coronavirus (SARS-CoV-2) has been the catalyst for another change agent in the research enterprise. This virus has forced most research administrators to shift to working from home. This forced flexibility in research administration work has presented both challenges and opportunities. The author's capstone project investigates the requirements of working from home (WFH) for research administrators. This research is accomplished by evaluating survey data, global studies on remote work, journal articles, and the author’s personal experiences transitioning to remote work. The results of this project delineate best practices for establishing a supportive research administration ecosystem during and post COVID-19

Recovering the Eye of the Heart

The "Eye of the Heart" is the faculty by which we can apprehend spiritual reality. Due to modern Western psychology’s rejection of its metaphysical roots, this potential has been largely eclipsed in us. This has fractured our relationship with the natural world and other sentient beings, causing a host of mental health challenges to arise. This, in turn, has led to a failure to adequately diagnose and properly treat these maladies that have so grievously afflicted our communities