, and show that bank risk taking varies positively with the comparative power of shareholders within the corporate …, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk … governance structure of each bank. Moreover, we show that the relation between bank risk and capital regulations, deposit …

panel database of South Dakota bank stockholders from 1910-1934 to study bank stockholder growth as well as its effect on … bank composition and risk. Overall, the average number of stockholders in a bank rose from 8 to 21 over the period with … with a subsequent increase in a bank's proportion of loans-to-assets, but no direct effect on bank closure outside of this …

. In some cases shareholders are pushing companies to take actions that may reduce market value. It is hard to understand …

work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …

position to benefit themselves at the expense of minority shareholders -- were endemic to corporations in the late …, however, was to give controlling shareholders the power to extract more than their fair share of their enterprise's profits …

important in curbing these private benefits. A high degree of statutory protection of minority shareholders and high degree of …

an information ea between management and outside shareholders. In the presence of such a gap, maximizing short-run and … actions that will reduce long-run value. In such a case, management faces the dilemma of which shareholders to please: those …

shareholders from the complex, pyramidal, and often obscure corporate structures. First, we show that there are large differences …

managers, institutional investors, small shareholders, auditors, and other parties involved in corporate governance. The lower …