Song, Guoxiang - In: Journal of capital markets studies 6 (2022) 1, pp. 33-47
/methodology/approach - This paper presents a model of the disciplinary takeover based on the efficient market hypothesis which provides … appropriate measures for it to examine the financial performance of acquiring banks after takeover. Findings - The results … indicate that the takeover market for large banks was ineffective in two aspects: the market did not distinguish strong banks …