a sample of 1021 municipalities in the state of Baden-Württemberg). First, we consider local government cost efficiency …. This indicates that there is a substantial divergence in efficiency despite a homogeneous institutional setting, leaving at …

In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the … manager-controlled banks. The results are robust to controlling for a wide variety of bank specific, country specific …, regulatory and legal variables. Regulation does not seem to mitigate risk taking by bank owners. We find no evidence that profit …

for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …-taking and not managers. This contrast with public view that the bank managers are pushed by aggressive remunerations schemes to …

governance in the EU banking sector. This paper analyzes the efficiency of shareholder control and hostile takeovers as corporate … been improved by a better protection of minority shareholder rights, the efficiency of the takeover market has been reduced …

governance in the EU banking sector. This paper analyzes the efficiency of shareholder control and hostile takeovers as corporate … been improved by a better protection of minority shareholder rights, the efficiency of the takeover market has been reduced …

context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational … costs and provisioning for loan losses remain high compared to some other economies. Profitability of the aggregate banking …

diverse set of policies related to climate change. We analyse the potential efficiency losses from simultaneous application of …

attractiveness of the linking process. From an efficiency perspective, a desirable future climate policy regime represents a joint …