Caner, Selçuk; Özyıldırım, Süheyla; Ungan, A. - In: Journal of Financial Services Research 42 (2012) 3, pp. 187-205
We test for the existence of market discipline by shareholders of banks with a wide range of ownership structures. Discipline by shareholders manifests itself through monitoring banks’ level of risk as well as through influencing banks’ management actions. We find that shareholders utilize...