Best Paper Award in the Journal of Corporate Finance

Prof. Theissen received the Best Paper Award from the Journal of Corporate Finance for his study “The Real Effects of Distressed Bank Mergers.” The study shows that distressed bank mergers can have negative real economic effects. Using the example of German savings banks, Prof. Theissen and his co-authors demonstrate that such mergers weaken the acquiring bank and lead to reduced investment and employment among firms in its region. Further information can be found on the Journal of Corporate Finance website.