Fatma Cebenoyan,A. Sinan Cebenoyan, and Elizabeth S. Cooperman
Quarterly Journal of Finance and Accounting Vol. 47, Issue. 1, pp. 27-52

Significant changes in regulations affecting bank/thrift activities during the 1990s provide us with an opportunity to examine shifts in acquisition characteristics as deregulation leads to changes in behavior. Consistent with a regime change hypothesis, we find a structural change in acquisition attributes for pre-and post-deregulation periods. We also report significant differences in target attributes depending on acquirer identity. Our results demonstrate a higher likelihood in the deregulated period after 1994 for banks to acquire …