Munich Personal RePEc Archive

An analysis of mergers and acquisitions in the Turkish banking sector

Mumcu, Ayşe and Zenginobuz, Unal (2002): An analysis of mergers and acquisitions in the Turkish banking sector. Published in: Research in the Middle East Economics , Vol. Volume, (2005): pp. 133-162.

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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.

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