over management's portfolio selection. The paper demonstrates that rational shareholders - that anticipate these endogenous …

Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct … legal entities and across a range of geographies. While such complexity raises the costs of bank resolution when …, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance …

An effective bank resolution regime requires taking action while the bank still has positive net worth and shareholder … claims still have economic value. Such actions raise a number of legal issues with respect to the rights of shareholders …. This paper aims to consider how to strike a balance between the need to protect the legitimate rights of shareholders and …