Carow, Kenneth A.; Cox, Steven R.; Roden, Dianne M. - In: Journal of Banking & Finance 33 (2009) 8, pp. 1454-1463
We investigate the determinants and consequences of the mutual holding company (MHC) structure that allows mutual thrifts to issue stock to outside shareholders while maintaining the mutual form. Capital constrained firms with greater profit opportunities are more likely to choose a full...