State-owned banks in the market for corporate control
Emanuele Bacchiocchi (),
Massimo Florio () and
Journal of Economic Policy Reform, 2019, vol. 22, issue 2, 120-147
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.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:jecprf:v:22:y:2019:i:2:p:120-147
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Economic Policy Reform is currently edited by Dr Judith Clifton
More articles in Journal of Economic Policy Reform from Taylor and Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().