Francis, Bill; Hasan, Iftekhar; Siregar, Dona - In: Applied Financial Economics 19 (2009) 24, pp. 1987-2007
This study investigates factors influencing private banks' exit strategy between going public (Initial Public Offering (IPO)) and being a target in Merger and Acquisitions (M&A). Evidence indicates that a bank with high liquidity, operating in a geographical deregulatory environment is more...