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

Borradores de Economia
Número: 
567
Publicado: 
Clasificación JEL: 
G21, G34, C25
Palabras clave: 
survival analysis, competing risk models, Colombia

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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