Data di Pubblicazione:
2019
Citazione:
State-owned banks in the market for corporate control / E. Bacchiocchi, M. Ferraris, M. Florio, D. Vandone. - In: JOURNAL OF ECONOMIC POLICY REFORM. - ISSN 1748-7870. - 22:3(2019), pp. 120-147. [10.1080/17487870.2017.1336437]
Abstract:
We study the pre-deal characteristics of state-owned banks acquiring other companies, relative to their private counterparts. We build a unique international data-set of 3682 deals in the years 2003–2013. Econometric results highlight that those state-owned banks that are acting as acquirers have an ex-ante performance similar to their private benchmarks. The results are driven by the role of development banks. This new finding points to the recent evolution of some types of contemporary state-owned financial players.
Tipologia IRIS:
01 - Articolo su periodico
Keywords:
state-owned banks; development banks; ownership; mergers and acquisitions
Elenco autori:
E. Bacchiocchi, M. Ferraris, M. Florio, D. Vandone
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