Mergers and acquisitions of banks in Malaysia
The recent wave of mergers and acquisitions in the financial institutions all over the developed nations has also taken its toll in Malaysia. Factors such as globalization, liberalization and information technology developments have contributed to the need for a more competitive, resilient and robus...
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Published in | Managerial finance Vol. 30; no. 4; pp. 1 - 18 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
Patrington
Emerald Group Publishing Limited
2004
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Subjects | |
Online Access | Get full text |
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Summary: | The recent wave of mergers and acquisitions in the financial institutions all over the developed nations has also taken its toll in Malaysia. Factors such as globalization, liberalization and information technology developments have contributed to the need for a more competitive, resilient and robust financial systems in Malaysia. This is added by the recent 1997 Asian financial crisis, which contributed for speeding the mergers and acquisitions process in the Malaysian banking sector. The end result is the formation of ten anchor banks from a total of 54 financial institutions as at end of 2001. This paper has explored the causes and the process of the mergers and acquisitions as well as the future implications in the Malaysian banking system. |
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Bibliography: | ark:/67375/4W2-B1SF939L-3 filenameID:0090300401 href:03074350410768994.pdf istex:D366AE01A226AF79B30461BEDEAC40A6084787BF original-pdf:0090300401.pdf ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 0307-4358 1758-7743 |
DOI: | 10.1108/03074350410768994 |