Parinduri, Rasyad A.; Riyanto, Yohanes E. - In: World Development 40 (2012) 3, pp. 446-457
We examine the effect of strategic sale, which is the sale of banks to strategic foreign investors, on bank performance. The Government of Indonesia implemented such a policy as part of a bank restructuring in the aftermath of the 1998 banking crisis. Using difference-in-differences models, we...