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|Title:||CROSS BORDER BANK M&AS AND THE BANKING SECTOR IN DEVELOPING COUNTRIES||Authors:||LIM EN QI CHLOE||Keywords:||cross-border M&A, bank performance, developing countries||Issue Date:||2015||Citation:||LIM EN QI CHLOE (2015). CROSS BORDER BANK M&AS AND THE BANKING SECTOR IN DEVELOPING COUNTRIES. ScholarBank@NUS Repository.||Abstract:||Using a broad set of performance measures, this study analyzes changes in banking sector performance following foreign bank participation via cross-border bank mergers and acquisitions (M&As) in 64 developing countries between 2005 and 2009. The main aim of the paper is to explore differences in bank performance in the pre- and post-M&A periods. Relative changes in bank performance at bank- and country-level are measured using the difference-in-differences analysis. Controlling for differences in pre-M&A performance between target and domestic banks, the results show that cross-border M&As are associated with lower average net interest margins and riskier long-run loan portfolios in domestic banks in target countries. Without evidence of greater efficiency of domestic banks in target countries post-M&A, this suggests that greater competition among banks was not accompanied by enhanced sector efficiency but riskier behavior in domestic banks.||URI:||http://scholarbank.nus.edu.sg/handle/10635/147597|
|Appears in Collections:||Bachelor's Theses|
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