[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-31831":3,"doc-seo-31831":27},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"file_id":15,"file_url":16,"file_type":17,"file_size":18,"view_count":4,"is_deleted":4,"is_public":19,"is_downloadable":19,"audit_status":19,"page_count":20,"language":21,"language_code":22,"table_of_contents":23,"faqs":24,"seo_title":13,"seo_description":14,"update_tm":25,"read_time":26},31831,4398048950312,"Violet","https://ap-avatar.wpscdn.com/avatar/400002538284de19e3c?_k=1778320343897328908",8,"Research & Report","Mandatory Disclosure and Takeovers Evidence from Private Banks","Mandatory financial disclosures influence how information is produced and priced in the bank takeover market. A difference-in-differences design exploits a regulatory mandate that changed the granularity of quarterly reporting for certain privately held bank holding companies, creating variation in disclosure intensity. Banks with reduced disclosure become less likely takeover targets. Acquirers respond to information frictions by bidding for geographically nearer banks and by increasing stock consideration, while serial acquirers are less impacted; nonbank income and intracompany activity amplify the effects.","cbCaiaTfbXcP65S5","https://ap.wps.com/l/cbCaiaTfbXcP65S5","pdf",829651,1,67,"English","en","# Introduction\n## Research question and motivation\n## Regulatory disclosure change and setting\n## Role of disclosures in valuation and bidding","[{\"question\":\"What regulatory change is used to study disclosure in bank takeovers?\",\"answer\":\"The study examines a 2015 Federal Reserve reporting change that increased the asset-size threshold for quarterly consolidated reporting and replaced required quarterly filings for smaller bank holding companies with less detailed semiannual parent-only statements.\"},{\"question\":\"How does reduced disclosure affect a bank’s likelihood of becoming an M\\u0026A target?\",\"answer\":\"Banks whose disclosures are reduced are less likely to be targeted in mergers and acquisitions.\"},{\"question\":\"What bidding behavior changes do acquirers make when targets disclose less?\",\"answer\":\"Acquirers adapt by focusing bids on geographically proximate target banks and by increasing the proportion of stock used in their bids.\"}]",1780261298,169,{"code":4,"msg":28,"data":29},"ok",{"site_id":30,"language":22,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":84,"head_meta":86,"extra_data":88,"updated_unix":25},105,"mandatory-disclosure-and-takeovers-evidence-from-private-banks","",{"@graph":34,"@context":83},[35,52,66],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,49],{"item":39,"name":40,"@type":41,"position":19},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":48},"https://docshare.wps.com/document/research-report/",3,{"item":50,"name":13,"@type":41,"position":51},"https://docshare.wps.com/document/mandatory-disclosure-and-takeovers-evidence-from-private-banks/31831/",4,{"url":50,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"description":14,"dateModified":60,"datePublished":60,"encodingFormat":59,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":39,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-05-31",true,{"@type":63,"interactionType":64,"userInteractionCount":4},"InteractionCounter",{"@type":65},"ViewAction",{"@type":67,"mainEntity":68},"FAQPage",[69,75,79],{"name":70,"@type":71,"acceptedAnswer":72},"What regulatory change is used to study disclosure in bank takeovers?","Question",{"text":73,"@type":74},"The study examines a 2015 Federal Reserve reporting change that increased the asset-size threshold for quarterly consolidated reporting and replaced required quarterly filings for smaller bank holding companies with less detailed semiannual parent-only statements.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"How does reduced disclosure affect a bank’s likelihood of becoming an M&A target?",{"text":78,"@type":74},"Banks whose disclosures are reduced are less likely to be targeted in mergers and acquisitions.",{"name":80,"@type":71,"acceptedAnswer":81},"What bidding behavior changes do acquirers make when targets disclose less?",{"text":82,"@type":74},"Acquirers adapt by focusing bids on geographically proximate target banks and by increasing the proportion of stock used in their bids.","https://schema.org",{"og:url":50,"og:type":85,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":87,"canonical":50},"index,follow",{"doc_id":7,"site_id":30}]