Finance Faculty Publications and Presentations

Does Fintech merger and acquisition change a firm's financial statement?

Document Type

Article

Publication Date

2-2024

Abstract

Through a comprehensive analysis of United States public firms, we explore the implications of mergers and acquisitions within the Financial Technology (Fintech) sector on a company's value and capital structure. The financial statements of financial institutions engaged in Fintech mergers and acquisitions differ significantly from those of other nonfinancial institutions involved in various high-technology acquisitions. Our results indicate that when a financial company acquires a Fintech firm, it enhances the acquirer's overall firm value and cash holdings. Furthermore, these mergers and acquisitions within the high-technology sector exert distinct influences on a company's leverage and cash flow.

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© 2024 Wiley Periodicals LLC.

https://onlinelibrary.wiley.com/share/B27GPDPQ5AGKXKBEIEYJ?target=10.1002/jcaf.22710

Publication Title

Journal of Corporate Accounting & Finance

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