corroborates this finding, showing that a bank’s shares exhibited negative abnormal returns when their directors were elected to … Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879-1909 to … investigate whether the appointment of well-connected directors enhanced equity value for bank shareholders. Our analysis of panel …

patterns. The paper also suggests an important role for banks in helping predators accumulate, and avoid the disclosure of …

possibility of private appropriation of value. We then distinguish between bank-led groups, which are more hierarchical, and … industry-led group firms (unlike in independent firms), while the negative correlation is entirely due to bank-led group firms … sensitivity of group firms' investment to Q is entirely to be attributed to firms in bank-led groups, where the controlling bank …