Lin, Chuang-Yuang; Lee, Hung-Ta - In: Emerging Markets Finance and Trade 46 (2010) 1, pp. 96-107
This study investigates the performance of the merger and acquisition activities of 14 financial holding corporations (FHCs) in Taiwan before and after their establishment in 2002. We find weak evidence of improved performance of FHCs. The findings have implications for other reforming emerging...