Since 2011, the Vietnamese banking system has performed many M&A deals. Some small banks which had weak competitiveness and experienced operating activities risk were on the verge of bankruptcy, and had been acquired by potential financial institutions. Although M&A transactions are known for...

We examine the role played by the parent's motive in undertaking a carve-out; parent's post-IPO influence over the carved-out subsidiary; and anti-takeover provisions and industry structure of a carve-out on its acquisition likelihood and its acquisition premium. We find that the probability and...