Bacchiocchi, Emanuele; Ferrari, Matteo; Florio, Massimo; … - 2015 - This version: May 27, 2015
Between 2003 and 2013, according to Zephyr (BvD) data, 22% of M&A deals between banks have involved state-owned banks, either as targets (12%) or as acquirers (10%). The behavior of state-owned banks in the market control is, however, under-researched. The standard Inefficient Management...
