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This paper examines the relationship between ownership structure, other corporate governance variables, and firm risk-taking and returns for the period 1990 to 2003. Our results suggest that the persistent, underlying relationship between insider ownership and risk-taking is U-shaped for both...
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Notwendigkeit und Formen der Bankenregulierung -- Theoretische Erkenntnisse zur Marktdisziplinierung von Banken durch Fremdkapitalgeber -- Empirische Befunde zur Marktdisziplinierung von Banken durch Fremdkapitalgeber -- Disziplinieren gesicherte Fremdkapitalgeber deutsche Sparkassen? --...
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Commercial banks are seen as shareholder value maximising banks, whereas savings banks may have a social or regional … agenda and cooperative banks focus on providing value for their customer-owners. Hence, it is generally thought that savings … that the profitability and risk of savings and cooperative banks do differ from the one of commercial banks, but that the …
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