engleski

M&As in the Banking Sector of Croatia

The paper represents an argument for examining M&As as case specific practices. We believe that the case of the recent M&As in the Croatian banking sector is a time and context specific case, where favorable circumstances, most of all government willingness to support the process, lead to what can be characterized as good post-acquisition performance. Even though we find that good post-acquisition performances of the acquired banks can be relate to a specific market circumstances, at least part of the good performances can be attributed to efforts to raise operational efficiency. An important feature of the managerial system of West European banks, adding to more efficient internal processes and governance in general definitely lays in the well-developed standards of financial reporting which could be relatively quickly transferred to Croatian banks contributing to more efficient management processes.

Croatian Banking Industry; M&As; Post-Acquisition performance

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