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Failing and Merging as Competing Alternatives during Times of Financial Distress: Evidence from the Colombian Financial Crisis

José Eduardo
Gómez-González
Juan Carlos
Mendoza-Gutiérrez De Pi
Lunes, 1 Febrero 2010

This paper studies the determinants of individual bank failures and MyA processes in Colombia during the financial crisis of the late 1990s. Using bank-specific data we estimate competing risk hazards models and find that while profitability and capitaliz