The Effects of M&A on Banks' Stock Price Dynamics

Student: Adilet Toleuzhan

Faculty: International College of Economics and Finance

Educational Programme: International Programme in Economics and Finance (Bachelor)

Year of Graduation: 2024

This study examines the effects of mergers and acquisitions on the stock prices of banks. It employs the event study methodology to analyse the short-run price reactions to M&A announcements in the banking sector. Using a comprehensive database, it was found that M&A announcements do not generate positive abnormal returns in the pre-event period for target banks. What is more, it was found that M&A announcements with the cash payment method do not have negative effects on returns of acquiring banks’ shares.

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