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Determinantes de las fusiones y adquisiciones en el sistema financiero colombiano. 1990-2007

Author

Listed:
  • Andrés Felipe García Suaza
  • José Eduardo Gómez Gónzalez

Abstract

El sistema financiero colombiano ha sufrido cambios importantes en lasúltimas décadas. Un periodo de expansión seguido de una profundacrisis económica repercutieron de manera importante en la estructura yconcentración de este mercado. Se ha analizado de manera amplia elefecto de la quiebra y la fusión de las instituciones financieras; sinembargo no se ha hecho un estudio microeconométrico paradeterminar los determinantes de este tipo de operaciones. Estedocumento se concentra en determinar cuales son las variables clavesque incentivan la participación de las instituciones financierascolombianas en operaciones de integración, mediante la estimación demodelos de duración y el uso de variables microeconómicas dedesempeño de las instituciones financieras y variables macro quereflejan el nivel de concentración del mercado y el desempeño de laeconomía.

Suggested Citation

  • Andrés Felipe García Suaza & José Eduardo Gómez Gónzalez, 2009. "Determinantes de las fusiones y adquisiciones en el sistema financiero colombiano. 1990-2007," Borradores de Economia 5294, Banco de la Republica.
    • Handle: RePEc:col:000094:005294
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    References listed on IDEAS

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    Cited by:

    1. José Eduardo Gómez Gónzlaez & Jorge Mario Uribe Gil & Hernán Piñeros Gordo, 2009. "Determinantes de la Rentabilidad de los Bancos en Colombia: ¿Importa la Tasa de Cambio?," Borradores de Economia 5405, Banco de la Republica.
    2. García-Suaza, Andrés Felipe & Gómez-González, José E., 2010. "The competing risks of acquiring and being acquired: Evidence from Colombia's financial sector," Economic Systems, Elsevier, vol. 34(4), pages 437-449, December.

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    More about this item

    Keywords

    fusiones y adquisición; integración; sector financiero; modelos de duración.;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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