Shaban, M.M. orcid.org/0000-0002-6939-113X (2017) The effects of ownership change on bank performance and risk exposure: Evidence from Indonesia. Journal of Banking and Finance. ISSN 0378-4266
Abstract
This study investigates the effects of ownership change on the performance and exposure to risk of 60 Indonesian commercial banks over the period 2005–2012. We find that state-owned banks tend to be less profitable and more exposed to risk than private and foreign banks. Domestic investors tend to select the best performers for acquisition. Domestic acquisition is generally associated with a decrease in the efficiency of the acquired banks. Non-regional foreign acquisition is associated with a reduction in risk exposure. Acquisition by regional foreign investors is associated with performance gains.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 Elsevier. This is an author produced version of a paper subsequently published in Journal of Banking and Finance. Uploaded in accordance with the publisher's self-archiving policy. Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/4.0/) |
Keywords: | Bank; Efficiency; Ownership; Governance; M&A; Foreign acquisition; Privatization; Indonesia |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 28 Feb 2017 10:19 |
Last Modified: | 17 Aug 2018 00:38 |
Published Version: | https://doi.org/10.1016/j.jbankfin.2017.02.002 |
Status: | Published |
Publisher: | Elsevier |
Refereed: | Yes |
Identification Number: | 10.1016/j.jbankfin.2017.02.002 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:112794 |