Vizcaíno-González, MarcosNavío-Marco, Julio2024-01-122024-01-122018Vizcaíno-González, M., & Navío-Marco, J. (2018). Influence of shareholders’ support over mergers and acquisitions in US banks. Economic Research-Ekonomska Istraživanja, 31(1), 228-239. https://doi.org/10.1080/1331677X.2018.14292961848-9664http://hdl.handle.net/2183/34889[Abstract] Using data about the US banking industry, the study investigates how the support disclosed by funds in corporate meetings influences the success of the completion of mergers and acquisitions (M&A). The methodological approach relies on the use of instrumental variables with the generalised method of moments (GMM). The results indicate that the voting support exercises a negative influence over the success of M&A, validating the probable presence of agency-driven behaviour in explaining M&A completion, and indicating that low governance and activism inspires independent behaviour of managers, proceeding against the wishes, position or interests of shareholders. Considering that voting performance has been reported as a proxy for reputational harm, the results provide some understanding about how the success in M&A in the US banking industry may be related to reputational consequences infiltrated through voting decisionsengAtribution CC BY 4.0 Internationalhttp://creativecommons.org/licenses/by/3.0/es/Banking industryVotingSupportMergers and acquisitions (M&A)Financial institutionsFinancial riskjournal articleopen access