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investigate how this massive restructuring shaped the ownership structure, returns, and risk of target banks. Before the merger … wave, 75 percent of target banks were part of a diversified holding group controlled by a Turkish family and the deals … systematic and idiosyncratic risk of target banks significantly decreases in the three years following the successful conclusion …
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institutions -- pt. 3. From local base to global expansion -- pt. 4. Inside the family. …
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