Regulations, Supervision Approaches and Acquisition Likelihood in the Asian Banking Industry |
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Authors: | Fotios Pasiouras Chrysovalantis Gaganis Constantin Zopounidis |
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Institution: | (1) School of Management, University of Bath, Bath, BA2 7AY, UK;(2) Financial Engineering Laboratory, Department of Production Engineering & Management, Technical University of Crete, University Campus, Chania, 73100, Greece |
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Abstract: | We investigate the association between the regulatory and supervision framework and the likelihood of being involved in acquisitions
either as acquirer or target in the Asian banking industry over the period 1998–2004. The sample consists of 473 commercial
banks operating in 9 markets, a total of 2,693 yearly observations. We use information from the new database of the World
Bank and examine various regulations such as the level of accounting and information disclosure requirements, the restrictions
on bank activities, the degree of official disciplinary power, and capital adequacy requirements. Our results suggest that
the latter two influenced the probability of becoming a target or acquirer; however, restriction on activities and disclosure
requirements had no impact on the acquisition likelihood. |
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Keywords: | Acquisitions Asia Banks Regulations Supervision |
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