State-owned banks in the market for corporate control Article Swipe
Related Concepts
Business
State (computer science)
Control (management)
State owned
Ex-ante
Financial system
Private sector
Finance
Monetary economics
Economics
Market economy
Macroeconomics
Management
Algorithm
Economic growth
Computer science
Emanuele Bacchiocchi
,
Matteo Ferraris
,
Massimo Florio
,
Daniela Vandone
·
YOU?
·
· 2017
· Open Access
·
· DOI: https://doi.org/10.1080/17487870.2017.1336437
· OA: W2622813218
YOU?
·
· 2017
· Open Access
·
· DOI: https://doi.org/10.1080/17487870.2017.1336437
· OA: W2622813218
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.
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