This paper examines whether acquisitions in the banking sector are associated with positive shareholder returns in the long run. It analyses 17 acquisitions of Greek and foreign banking institutions by six major Greek banks during the 1998-2006 period. The model used is adjusted for market index...

This paper examines whether acquisitions in the banking sector are associated with positive shareholder returns in the long run. It analyses 17 acquisitions of Greek and foreign banking institutions by six major Greek banks during the 1998-2006 period. The model used is adjusted for market index...