Stavrinakis, Spyros G.; Harm, Christian; Llewellyn, David T. - SUERF - The European Money and Finance Forum
, however, no evidence that the efficiency and performance of mutuals are poorer that that of incorporated financial firms. In …, abilities and feasibilities of managers and members of mutuals. Mutuality raises specific corporate governance issues: Corporate … therefore no effective market in corporate control. Consequently, there is ample scope for mutuals to be inefficient. There is …