In this research, we offer a comparative review of corporate performance through strategic integration. We apply standard event-study method to estimate cumulative abnormal returns and compare performance on banking industry. Our findings indicate similar negative CAR performance for corporation in US, Europe, Singapore, Malaysia, and Indonesia during the T-5 to T+5 days from the event. CAR is relatively high during T+15, T+20, and T+25 from the event date for the United States, whereas, it is almost non-existent in Europe and few Asian countries. The market reaction for corporate shareholders is relatively large and positive in major Asian countries like China, Hong Kong and Taiwan compared to Europe and USA.
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