Market reaction to the acquisitions of thrift institutions and banks since the Financial Institutions Reform, Recovery, and Enforcement Act of 1989

Author

• Ann Marie Whyte

Author Type

Graduate Student

Date of Award

1991

Document Type

Thesis

Publication Status

Version of Record

Submission Date

October 2026

Thesis/Dissertation Advisor [Chair]

Madura, Jeff

Abstract

This study empirically investigates the market reaction to acquisitions of thrift institutions and banks occurring since the passage of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989. The study tests several hypotheses related to characteristics of the acquiring firm, the target firm, and the acquisition. The overall market reaction to the acquisitions is negative. The study also reveals that there are cross-sectional factors which influence the share price response. The results of the empirical tests are relevant to depository institutions contemplating acquisitions, to the Resolution Trust Corporation, and to taxpayers.

Extent

190 p.

Comments

College of Business|Thesis (Ph.D.)--Florida Atlantic University, 1991.|College of Business

Recommended Citation

Whyte, Ann Marie, "Market reaction to the acquisitions of thrift institutions and banks since the Financial Institutions Reform, Recovery, and Enforcement Act of 1989" (1991). Electronic Theses and Dissertations 1990 - 1999. 196.
https://digitalcommons.fau.edu/etd_general_4/196

Identifier

FADT12277

Format

pdf