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

largest group among non-employee board members is made up of bank managers. The high proportion of former executives and … likely to be former executives of the same bank than are the chairpersons of banks controlled by non-banks. Over time …