Tanyeri-Günsür, Başak; Salih, Aslıhan - 2023
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 …