In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … despite the difficult financial environment, shareholders' risk-taking incentive was confined primarily to a small fraction of …

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 … and preserves market discipline. The paper examines the nature of the shareholders' rights and the legal protection …

This paper presents a model of shareholders' willingness to exert effort to reduce the likelihood of bank distress, and … reduce the risk-taking incentives of shareholders. We argue that shareholders can also use manager-specific CoCo bonds to …

Depression, double liability on bank shareholders was the predominant institutional framework aimed to constrain moral hazard. We … depositors to shareholders weakened market discipline and attenuated the effects of increased skin in the game …

in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense …, the subprime crisis induced these governments to behave as active large shareholders. This paper uses a sample of public … firms in Brazil to show that government activism lowers the value of minority shareholders' voting rights. While the …

We find that large shareholders of Moody's (affiliated investors) abnormally decrease their stock ownerships in a firm …, significant only after Moody's initial public offering when affiliated investors become Moody's shareholders, and insignificant … among Moody's small shareholders and for rating upgrades that are not expected to impact stock prices. Affiliated investors …

We explore extended liability for bank shareholders as a method for mitigating moral hazard in insured banks. The …