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The competing risks of acquiring and being acquired: Evidence from Colombia's financial sector

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dc.creatorGarcía Suaza, Andrés Felipespa
dc.creatorGómez-González, José E.spa
dc.date.accessioned2020-05-26T00:06:26Z
dc.date.available2020-05-26T00:06:26Z
dc.date.created2010spa
dc.description.abstractThis paper studies the determinants of the probability of participating in a process of merging or acquisition for financial institutions in Colombia. We use survival analysis techniques and competing risks models to estimate the probability of participating in such processes as an acquiring or acquired firm. Using an especially rich database containing financial information of Colombian banks for the period 1990-2007, we find that both macroeconomic and microeconomic variables are important determinants of this probability. However, there are differential effects for the acquiring firm and the acquired firm. Particularly, while firm size and solvency are significant determinants of the probability of being an acquiring firm, efficiency is an important determinant of the probability of being acquired. Also, the concentration index, which plays no role for acquiring firms, plays an important role in the probability of being acquired. © Elsevier B.V.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/j.ecosys.2009.11.004
dc.identifier.issn9393625
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/23891
dc.language.isoengspa
dc.relation.citationEndPage449
dc.relation.citationIssueNo. 4
dc.relation.citationStartPage437
dc.relation.citationTitleEconomic Systems
dc.relation.citationVolumeVol. 34
dc.relation.ispartofEconomic Systems, ISSN:9393625, Vol.34, No.4 (2010); pp. 437-449spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-78149465730&doi=10.1016%2fj.ecosys.2009.11.004&partnerID=40&md5=9d830511a97a0ff3e9a495cbd784383espa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordC25spa
dc.subject.keywordColombiaspa
dc.subject.keywordCompeting risk modelsspa
dc.subject.keywordG21spa
dc.subject.keywordG34spa
dc.subject.keywordSurvival analysisspa
dc.titleThe competing risks of acquiring and being acquired: Evidence from Colombia's financial sectorspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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