incentives, risk management models and procedures, conflicts of interest and bank strategies. Their perspectives are quite …

findings. First, acquiring firms did not gain from their acquisitions. Second, acquirers with stronger bank ties experienced … larger wealth loss than those with weaker bank ties. These results are consistent with the hypothesis that banks played a …

variable. As for explanatory variables, we put together a set of proxies for quality of bank governance and management, such as ….g. degree of Board independence, qualification of external auditors), stability of bank’s governing bodies (Management Board and … bank, stability of the governing bodies, involvement of well-established external auditors and also that strategic …