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The Manager - Shareholder Agency Conflict : Do Banks Prefer Non-Alignment?
Eisert, Tim - 2013
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
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Bank Dividends, Agency Costs and Shareholder and Creditor Rights
Lepetit, Laetitia - 2016
strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …
Persistent link: https://www.econbiz.de/10012985920
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Bank Dividends, Agency Costs and Shareholder and Creditor Rights
Lepetit, Laetitia - 2016
strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …
Persistent link: https://www.econbiz.de/10012993593
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Institutional Shareholders and Bank Capital
Garel, Alexandre - 2018
of bank shareholders). In this paper, we explore institutional investors' preferences for bank capital for a sample of U … influence of institutional shareholders. Further analyses show that the relationship between bank capital and institutional … suggest that institutional shareholders view bank capital as privately optimal and complement banking regulation in increasing …
Persistent link: https://www.econbiz.de/10012920336
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Bank shareholder network and board governance : evidence from Chinese commercial banks
Wang, Li; Huang, Zeyu; Wang, Yanan - In: Journal of innovation & knowledge : JIK 8 (2023) 4, pp. 1-15
Board governance is an important aspect of internal bank governance. We conduct an empirical study on 100 banks in China for the period from 2004 to 2017 using a time-varying growth bank shareholder network to investigate the relationship and mechanism between bank shareholder network and board...
Persistent link: https://www.econbiz.de/10014504890
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On the non-linear relationship between large shareholders and bank performance : North African banks vs. banks in the Middle East
Karmani, Majdi; Boussaada, Rim; Hakimi, Abdelaziz - In: Regional science policy and practice : RSPP 16 (2024) 6, pp. 1-9
The paper aims to empirically assess the threshold effect in the large shareholders (LS) and bank performance … large shareholders-bank performance relationship. Additionally, results show that this effect differs across regions. More … specifically, we found that, below the threshold, large shareholders significantly decrease bank performance for the whole sample …
Persistent link: https://www.econbiz.de/10014584308
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Is board-tie among rivals harmful to customers? : evidence from banks' project-financing consortium
Lee, Steve Kyungjae; Lee, Sunki - In: South African journal of business management 54 (2023) 1, pp. 1-11
shareholders is smaller or when savings banks are family firms. Practical implications: Outside directors can not only play the …
Persistent link: https://www.econbiz.de/10014234822
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Agency conflicts and dividend persistence
D'Udekem, Benoit - In: Journal of financial services research 60 (2021) 2/3, pp. 207-234
Persistent link: https://www.econbiz.de/10012656400
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The impact of non-performing loan sales on the stock market : the role of corporate governance in an emerging market
Pirgaip, Burak; Uysal, Aydın - In: Borsa Istanbul Review 23 (2023) 3, pp. 674-684
Over the past decade, one popular way for Turkish banks to remove nonperforming loans (NPLs) from their balance sheets has been to sell them to asset management companies. We examine the short-term market reaction to the announcements of such NPL sales over the period 2009-2019. We also consider...
Persistent link: https://www.econbiz.de/10014308822
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The effects of internal governance factors on lending portfolio composition in Islamic banks
Nizar Yousef Ahmed Naim; Nora Azureen Abdul Rahman - In: International Journal of Financial Studies : open … 11 (2023) 3, pp. 1-16
Recent studies indicate that lending portfoliocomposition in Islamic banks is concentrated towardsdebt-based lending portfolio; however, the ideal lending portfoliocomposition in Islamic banks should be an equity-based lending portfolio. This article explores the effects of the internal...
Persistent link: https://www.econbiz.de/10014420389