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An analysis of mergers and acquisitions in the Turkish banking sector

Author

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  • Mumcu, Ayşe
  • Zenginobuz, Unal

Abstract

We explore various aspects of mergers and acquisitions in the banking industry within a simple model that allows explicit comparison of sector performance before and after the mergers and acquisitions. The industry structure we look at involves a few dominant banks and a competitive fringe, which we take it as the structure most likely to resemble the Turkish banking industry in the aftermath of the ongoing restructuring process. Using a reasonable set of parameters to simulate the model, we do comparative statics exercises regarding the impact of mergers among domestic as well as with foreign banks on equilibrium outcomes.

Suggested Citation

  • Mumcu, Ayşe & Zenginobuz, Unal, 2002. "An analysis of mergers and acquisitions in the Turkish banking sector," MPRA Paper 191, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:191
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    File URL: https://mpra.ub.uni-muenchen.de/191/1/MPRA_paper_191.pdf
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    References listed on IDEAS

    as
    1. Ayse Mumcu & Unal Zenginobuz & Mehmet Aras Orhan, 2001. "The Likely Impact of Mergers and Acquisitions on the Turkish Banking Sector: A Stylized Model and Simulations," Working Papers 2001/02, Bogazici University, Department of Economics.
    2. Demirguc-Kunt, Asli & Levine, Ross, 1999. "Bank-based and market-based financial systems - cross-country comparisons," Policy Research Working Paper Series 2143, The World Bank.
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    Cited by:

    1. Beck, Thorsten & Ongena, Steven & Şendeniz-Yüncü, İlkay, 2019. "Keep walking? Geographical proximity, religion, and relationship banking," Journal of Corporate Finance, Elsevier, vol. 55(C), pages 49-68.
    2. Ebru Reis, 2015. "The Determinants of Acquirer Returns in the Turkish Stock Market," Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 29(2), pages 21-39.

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    More about this item

    Keywords

    banking; mergers and acquisitions; imperfect competition; Turkey;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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