Ahunov, Muzaffarjon; Van Hove, Leo; Jegers, Marc - European Bank for Reconstruction and Development (EBRD) - 2013
We investigate the impact of cross-border takeovers on the performance of target banks in Ukraine. We combine propensity score matching and a difference-in-difference methodology, checking for temporary unobservables. Acquirers mainly targeted large less-capitalised banks with average efficiency...