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This study investigates the efficiency effect of bank mergers in Vietnam between 2007 and 2011. The findings suggest that the exclusion of off-balance sheet activities from output specification underestimates the technical efficiency of banks and reduces the number of possible combinations of...
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suggest that search and value discovery are important determinants of merger outcomes …
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creation since merger regulations are ex ante in nature. The present study is an attempt to understand how far the expected …
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