12-32

• Σάμιτας, Αριστείδης Γ.

This paper uses event study methodology to investigate the banking sector restructuring in United Kingdom. Three large banks have been selected, namely Barclays, Lloyds and National Westminster. The events analysed were changes in group structure, mergers, acquisitions and disposals. The empirical results indicate the impact that these events cause in British banks' stock returns. The effort is to identify and forecast the way that shares prices and generally securities react to market or individual bank's announcements. The study concentrates on the effect that certain unanticipated events have on banks' stock prices.

• Economics and Business
• Computer and information sciences

• Financial management
• Statistics

bank restructuring, mergers, acquisitions, disposals, event study analysis

Περιέχει παράρτημα πινάκων, σημειώσεις και βιβλιογραφία, The author is grateful to Professor L. Katseli, Department of Economics, University of Athens, for her helpful comments during the preparation of this paper.