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shareholders is smaller or when savings banks are family firms. Practical implications: Outside directors can not only play the … customers. Contribution: Finally, this study contributes to the family business literature by providing insight into how the … unique characteristics of family firms in strategic choices make outside directors contribute as assistants than supervisors. …
Persistent link: https://www.econbiz.de/10014234822
We investigate whether ownership concentration influences bank profitability in a developing country context. We focus on bank ownership concentration measured as the amount of direct equity held by a majority shareholder categorised into: high ownership concentration, moderate ownership...
Persistent link: https://www.econbiz.de/10011862267
In this study, we propose our hypothesis that the distinguishable principal-agent relationships of German banks are significantly influencing the risk-taking attitudes of bank managers. Particularly, we intend to substantiate the theory that banks owned by dispersed shareholders or federal state...
Persistent link: https://www.econbiz.de/10009515838
This paper studies the link between the agency costs of equity and the agency costs of debt. Using a unique sample of the ownership structure of single and dual class firms as well as hand-collected data on loan contracts, we find that the agency cost of debt – proxied by various loan...
Persistent link: https://www.econbiz.de/10013091502
Using data on listed banks in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the relative strengths of these agency conflicts, but with a...
Persistent link: https://www.econbiz.de/10012985920
Using data on listed bankes in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the relative strengths of these agency conflicts, but with a...
Persistent link: https://www.econbiz.de/10012993593
indirect effect of ownership concentration on bank risk depends on the type of the largest shareholder (a family, a bank, a …
Persistent link: https://www.econbiz.de/10013030722
This paper uses Taiwanese data to examine the impact of firm-level corporate governance mechanisms on firms' average cash holdings. Specifically, it examines how a firm's number of banking relationships and the percentages of managerial ownership and board ownership impact the firm's level of...
Persistent link: https://www.econbiz.de/10012837473
Persistent link: https://www.econbiz.de/10012098190
Persistent link: https://www.econbiz.de/10012116983