Goddard, John; Molyneux, Philip; Zhou, Tim - In: The European Journal of Finance 18 (2012) 5, pp. 419-438
Following a global wave of consolidation in the banking industry, this study analyses 132 mergers and acquisitions (M&As) involving banks in emerging markets in Asia and Latin America between 1998 and 2009. An event study measures the change in shareholder value for acquirers and targets; and a...