The competing risks of acquiring and being acquired: evidence from Colombia's financial sector

Borradores de Economia
Number: 
567
Published: 
Classification JEL: 
G21, G34, C25
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This paper studies the determinants of the probability of participating in a process of merging or acquisition for financial institutions in Colombia. We use survival analysis techniques and competing risks models to estimate the probability of participat